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: Uranium Energy (AMEX: UEC) shares jumped 22% as uranium miners traded higher.

So what: Miner Cameco (NYSE: CCJ) reported earnings that topped expectations and drove the entire sector higher. The uranium trade that began more than a month ago continues, this time on real earnings news.

Now what: Today's move wasn't really a reflection of Uranium Energy's individual position but rather followed a move by the entire sector. The momentum is in the favor of uranium miners, and this Fool isn't going to stand in the way. I would like to see a better price, but gains seem to come day after day, so I feel very Foolish missing out on a trader's dream.
 
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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 Motley Fool CAPS picks at TMFFlushDraw.

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