Cameco Corp

In a Stage 3 distribution regime marked by a Bearish Pivot Point, CCJ has begun structural repair with a sequence of lower highs and lows. Price is rejecting into the 9/20 EMA zone, signaling bearish continuation. Short-side entry on a failed rally into EMAs is appropriate, while a decisive break above the EMAs would invalidate this bearish posture.

• ↑Projected 6–10% annual EBITDA growth from Westinghouse partnership
• ↑FY2025 revenue $3.5B (+11% YoY); adjusted EBITDA CAD1.9B (+26% YoY)
• ↓Negative earnings yield and low book-to-price raise valuation concerns