After The Close, 19 Jan 2009
Merv’s Daily Uranium Index
Market Data
Open: 141.45
High: 145.88
Low: 136.60
Close: 141.96
Volume: 6114
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
It was a so-so day for the uranium stocks but even with the holiday in the U.S. the volume of trading was respectable. The final numbers were on the plus side but nothing from the ratings had changed.
The Merv’s Daily Uranium Index closed higher by 1.97 points or 1.41%. There were 27 winners, 9 losers and 14 going nowhere. Most of these going nowhere were trading on the U.S. Exchanges and therefore there was no action due to their markets being closed for Martin Luther Jr. Day. Tomorrow I’m not sure what to expect. Even should the markets be open all the Obama fans will probably be occupied. Of the five largest stocks, Cameco was going nowhere, Paladin gained 8.1%, Uranium One gained 11.5%, Uranium Participation gained 1.1% and USEC went nowhere. The best daily performer was JNR Resources with a gain of 24.1% while the worst daily performer was Titan Uranium with a loss of 8.7%.
As mentioned above, nothing much happened today and the ratings remain unchanged. Both the intermediate and long term ratings remain BULLISH.
The immediate direction remains in a lateral path although the Index does keep inching up.
Merv’s Daily Uranium Index
Market Data
Open: 141.45
High: 145.88
Low: 136.60
Close: 141.96
Volume: 6114
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
It was a so-so day for the uranium stocks but even with the holiday in the U.S. the volume of trading was respectable. The final numbers were on the plus side but nothing from the ratings had changed.
The Merv’s Daily Uranium Index closed higher by 1.97 points or 1.41%. There were 27 winners, 9 losers and 14 going nowhere. Most of these going nowhere were trading on the U.S. Exchanges and therefore there was no action due to their markets being closed for Martin Luther Jr. Day. Tomorrow I’m not sure what to expect. Even should the markets be open all the Obama fans will probably be occupied. Of the five largest stocks, Cameco was going nowhere, Paladin gained 8.1%, Uranium One gained 11.5%, Uranium Participation gained 1.1% and USEC went nowhere. The best daily performer was JNR Resources with a gain of 24.1% while the worst daily performer was Titan Uranium with a loss of 8.7%.
As mentioned above, nothing much happened today and the ratings remain unchanged. Both the intermediate and long term ratings remain BULLISH.
The immediate direction remains in a lateral path although the Index does keep inching up.
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