Buy Alert: June 26, 2015

| June 26, 2015

Buy Alert:  June 26, 2015

 

Trade Details

Buy Cameco (CCJ) August 21st 15 Calls for $0.60 or better (lower)

 

Why?

CCJ is the largest uranium producer in the world.  With all the talk of renewable energy, people sometimes forget that nuclear power is still an important part of our future energy production.  The stock has gotten very cheap based on future earnings potential and is near or at a bottom.  I believe a reversal is coming soon.

We’re going to buy August calls.  Conservative investors can take profits at $16.  Aggressive investors can hold up to $17.50.  For risk control, conservative traders should exit at $13.50, while more aggressive traders can hold down to $12.50.

 

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Cameco

 

Category: OTW Buy Alerts