Buy Call on Cameco Following 50-Day Breakout

about 2 months ago

Ed Unknown

"This went up about 4.4 percent today, bouncing off the 50-day line. If you didn\"t buy it now, you could probably still buy it off of that breakout."

Cameco showed a strong bullish move by rising 4.4% and bouncing from its 50-day line, suggesting an entry opportunity. The recommendation is to consider buying Cameco on a retest of its breakout level, as this stock appears to be setting up a short-term base for further gains.