Cameco (CCJ) Moving Higher Following Raymond James Coverage

Posted: Monday, November 23, 2009 2:21 PM EDT

Cameco (NYSE: CCJ) opened at $30.18. So far today, the stock has hit a low of $29.84 and a high of $30.39. CCJ is now trading at $29.92, up $0.27 (0.91%). The stock hit its 52-Week high of $32.17 in last month and set its 52-Week low of $11.78 in February. Cameco is trading higher today after Raymond James initiated coverage on the stock with sa Market Perform rating. Technical indicators for the stock are and S&P does not currently have a STARS rating for CCJ. If you are looking for a hedged play on CCJ the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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