How will cameco do today

Cameco Corporation (NYSE:CCJ) is expected to have a positive performance today, as indicated by several key metrics and analyst ratings:

1. **Technical Indicators**: The stock's 5-day moving average is $48.76, its 10-day moving average is $47.66, and its 20-day moving average is $43.57. The fact that these short-term and medium-term moving averages are above the current trading price suggests a potential for the stock to appreciate.

2. **Analyst Ratings and Price Targets**: Cameco has been upgraded by several analysts, including National Bank Financial, which upgraded the stock to a "strong-buy" rating. The consensus rating is "Buy" with a consensus target price of $67.25, indicating potential for growth.

3. **Options Market Sentiment**: The options market for Cameco shows a bullish sentiment, with a higher volume of calls than puts.
4. **Recent Analyst Actions**: Bank of America and BofA Securities have both increased their price targets for Cameco, with Bank of America lifting its target to $63.00. This increase in price targets reflects a positive outlook from analysts.
5. **Market Sentiment**: The stock has seen a recent increase of 1.1% on October 2, 2024, and has been trading above its 50-day moving average of $41.61. This recent performance and trading above the average suggest bullish sentiment among investors.

In conclusion, Cameco is likely to have a positive performance today, supported by bullish technical indicators, a "Buy" rating from analysts, positive sentiment from the options market, and recent analyst actions that reflect a positive outlook.