Buy Alert: July 22, 2016

| July 22, 2016

Buy Alert:  July 22, 2016

 

Trade Details

Buy Cameco (CCJ) September 16th 10 Calls for $0.80 or better (lower)

 

Why?

CCJ is the largest uranium producer in the world.  Regardless of what happens with oil, gas, and renewables, nuclear power is still an important source of energy for the world.  The stock has gotten very cheap based on future earnings estimates and is near or at a bottom.  I believe the stock has significant upside potential.

We’re going to buy September calls.  Conservative investors can take profits at $11.25.  Aggressive investors can hold up to $12.50.  For risk control, conservative traders should exit at $9.50, while more aggressive traders can hold down to $9.

 

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Cameco

 

Category: OTW Buy Alerts