Cameco Corporation (CCJ)

[FreeNorth]

Some comments from Forbes
3) Cameco (CCJ)
The uranium miner suffered a huge gap down when the tsunami wiped out that Japanese nuclear power plant. That gap doesn’t look like it´ll get filled anytime soon. That 50-day moving average on the daily chart crossed below the 200-day in early May and continued downward. Price is now rallying back, weakly, to the downtrending 50-dma. The weekly chart paints the same bearish pattern. And the point-and-figure projection is much, much lower — not the most encouraging group of x´s and o´s in boxes. A move above 33 would tend to negate this analysis.

http://blogs.forbes.com/johnnavin/2011/05/26/585/?partner=yahootix