Long Term Buy CCJ (12/5/07)
A long term play for the Energy market, for the raw materials market, for the technical side and for your well being for financial success is CCJ.
Everyone can read the fundamentals on this so read them if you are not familiar with the company.
But from a technical stand point we are in a correction phase of the energy market and the stock market.
Look at a 5 year chart on CCJ. It has had a correction from this spring and is being consolidated around the 40 level. Old highs make new lows. The 100 week moving average is a support lilne for the stock.
You have time to cherry pick this stock because the oil market (energy) is correcting now.
You can buy now and hold. You can wait to pick it up at 40.75. If there is a quick dip buy it at 39.5.
The best way to buy it is to buy some at 42.5 then some at 43.5 then at 45 so you can sit on it as it goes to 60 in the next 2 years.
