Setting stops on Cameco Corp. (NYSE:CCJ) as follows:
Soft stop (discretionary): 19.41
Hard stop (must exit): 19.13
It is not anticipated that either of these stops will be threatened.
However, if CCJ comes back down to the 19.41 level in this session or in subsequent ones, it puts the accumulation plan in doubt.
Disclosure: The author is long CCJ.