CCJ: uranium trades

Discussion in 'Stocks' started by KCalhoun, Sep 13, 2021.

  1. KCalhoun

    KCalhoun

    CCJ up, anyone trading it or other uranium stocks? I may daytrade it on strength today/this week
     
  2. I've been in CCJ for about 3 weeks. Will be taking some off the table this morning. NXE, UUUU, UEC, URG, DNN are others which are moving.
    All of this is based upon the spot price of uranium going up from 30 to 42 in the last 4 weeks. There is also speculation that the worldwide green energy push will lead to more nuclear plants being built.
    Last time CCJ was trading at or above these levels was 2009-2011. Uranium needs to be near 60 bucks a pound for new drilling to be profitable. Keep an eye on the spot price of uranium. That keeps going up, these stocks keep going up.
    Far as a day trade, I won't be surprised if the gap up this morning gets filled, and then rallies back. But I'm no day trader, but it is what I've seen in this stock over the past couple of weeks. Lots of buying early, falls back some, and then rallies into the close. Good luck
     
  3. U.UN on the TSE is both hot short term and a good long term play.
     
  4. Pekelo

    Pekelo