Stock Chart to Watch: Miner Cameco Gets Boost From Sharp Rise in Uranium Prices
CCJCameco(CCJ) Investopedia·2024-01-16 22:55

Key Takeaways o o o Cameco shares jumped on Friday after the price of uranium climbed to its highest level in 16 years amid supply concerns. Last year, Cameco cut output guidance for two of its largest mines due to operational challenges. CCJ shares gapped above their December high on the highest trading volume since early June, indicating buyer conviction. Here is a look at a chart tied to Cameco's recent news-driven price move, with important technical levels to monitor. L+ This image depicts the CCJ char ...