Stock Investors Sell Off Shares of Cameco, Down 2.3%

Published on Mon, 06/15/2015 - 11:38
By Robert Cotter in Market movers, CCJ, cameco, market movers, nyse:ccj

Down 2.3% to $15.14, Cameco (NYSE:CCJ), is one of today's notable movers. The S&P is trading lower by 0.7% to 2,079 and the Dow is trading 0.9% lower to 17,741.

Cameco has overhead space with shares priced $15.14, or 25.0% below the average consensus analyst price target of $20.19. The stock should find initial resistance at its 50-day moving average (MA) of $16.04 and further resistance at its 200-day MA of $16.39.

In the past 52 weeks, Cameco share prices have been bracketed by a low of $13.62 and a high of $21.67 and are now at $15.14, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.7%.

Cameco Corporation explores for, develops, mines, refines, converts, and fabricates uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company also operates the Bruce B nuclear reactors in Ontario, as well as through a subsidiary, explores for, develops, mines, and sells gold.

By Robert Cotter
rcotter@fnno.com

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