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Market Update: CCJ

|Includes:Cameco Corporation (CCJ)

Cameco Corp. (NYSE:CCJ) is going through a second penetration of the low with volume.

This falls under the "should have known" that the prior penetration was not enough to take out all the stops.

CCJ Hourly

Chart by TeleChart

Price action is now recovering off of the low.

Disclosure: I am long CCJ.

Stocks: CCJ