Cameco Corp (CCJ)
With inflation “running hot” investors flock to commodities, which is why we’re looking there over equities in today’s Chart of the Week.
Uranium in particular is on fire.
And the bellwether there has to be Cameco Corp (CCJ).
Great relative strength, great sector, great opportunity.
CCJ is set to break out past its former highs, and when it does we are jumping on for a nice gain.
We’re long above $21.70, with an exit target at $44.
Below $21.70, we’re not seeing new relative highs to confirm a breakout, so we’re just watching.
But once we hit that level, we’re looking to $44 — more than 100% gain with minimal risk.
Just how we like it.
Til next week, good trading,
Free Training: 60-Minutes to Trading Freedom
Would you like to make more money in one hour of fun trading than working all day at a job?
Then check this out…