Mining and Minerals is a sneaky-volatile sector.
No one thinks of big gains in uranium mining — or mining in general — but there are big swings in this group.
For example, since late 2020, Canadian miner Cameco (CCJ) has gone from $9.50 to $49.50.
Here’s the chart:
CCJ’s sector is one of the hottest 50 in the world right now and if we get a break above $51.33, we could see another huge move.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
