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Cameco Crosses Above its 10-day MA (CCJ)

By Amy Schwartz

Today, shares of Cameco (NYSE:CCJ) have advanced above their 10-day MA of $9.30 on a volume of 508K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Cameco share prices have moved between a 52-week high of $17.55 and a 52-week low of $7.41 and are now trading 27% above that low price at $9.43 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cameco on February 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $10.71. Since that call, shares of Cameco have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cameco

Ticker(s): CCJ