Cameco Corp Shares Enters Oversold Territory

Forbes reported shares of Cameco Corp. (TSX:CCO,NYSE: CCJ) trading as low as $16.85 a share entered into oversold territory.

As quoted in the market news:

We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Cameco Corp., the RSI reading has hit 30.0 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 39.8, the RSI o fSpot Gold is at 47.7, and the RSI of Spot Silver is presently 48.9.

Click here to read the full Forbes report.

Get the Latest Uranium Investing Stock Information

Get the latest information about companies associated with Uranium Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

anfield logo1Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) is in the final stage of acquiring the Shootaring Canyon mill in Utah, one of only three licensed conventional mills in the U.S. Connect with ARY and don't miss an update on their mining claims and state leases in southeastern Utah, South Dakota and Arizona totalling over 65,500 acres.

Leave a Reply