Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Uranerz Energy (AMEX: URZ) shares jumped 14% as uranium miners traded higher.

So what: Fellow miner Cameco (NYSE: CCJ) reported earnings that topped expectations and drove the entire sector higher. Today, Uranerz touched a 52-week high on nearly five times normal volume and has doubled over the past month.

Now what: Last week, I said I might miss the boat on this traders dream when shares popped, and today proves how Foolish I was for not buying that bounce. Now that we have some real results to hang our hat on I'm more inclined to jump into the uranium trade, although it looks very crowded today. I'll try it out, but I'm worried about getting run over when momentum traders decide to leave this party.

Interested in more info on Uranerz Energy? Add it to your watchlist by clicking here.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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