Chart: CCJ

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Way back in December, I had highlighted CCJ as a Uranium play on a breakout over $42. While I missed out on that trade, I entered today at $50.10, as it recovered from yesterday’s dip. Anybody care to analyze this trade?

2 responses to “Chart: CCJ”

  1. bp Avatar

    It broke out from 48 to 52 on rising volume then pulled back on lower volume. you entered over the high of the previous day… ? NRB too…

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  2. The Market Speculator Avatar

    Yes, I entered after confirmation that the pulback was not going to be a deep correction. I thought about entering on Thursday’s pullback, but the fact that so many energy and commodity stocks got hit hard worried me.

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