After The Close, 03 Feb 2009
Merv’s Daily Uranium Index
Market Data
Open: 133.15
High: 137.71
Low: 129.79
Close: 134.61
Volume: 3684
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
We’re still in the frustration zone. The Index seems very loath to get going in either direction.
The Merv’s Daily Uranium Index closed higher today, by all of 1.37 points or 1.03%. For the Uranium Index that’s almost nothing. There were 21 winners, 20 losers and 9 going nowhere. Again, a very neutral kind of day. As for the five largest stocks, they were mostly on the up side. Cameco gained 3.7%, Paladin gained 2.6%, Uranium One gained 0.6%, Uranium Participation lost 3.7% and USEC gained 3.0%. The best gainer was East Asia Minerals with a gain of 15.7% while the worst loser was Continental Precious with a loss of 9.3%.
With the day’s action nothing has changed from yesterday so no use wasting time and effort. Check yesterday’s commentary and just apply it to today. The intermediate term rating remains + NEUTRAL and the short term remains BEARISH. The immediate direction of least resistance remains lateral. Hope we have a more interesting day tomorrow.
Merv’s Daily Uranium Index
Market Data
Open: 133.15
High: 137.71
Low: 129.79
Close: 134.61
Volume: 3684
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
We’re still in the frustration zone. The Index seems very loath to get going in either direction.
The Merv’s Daily Uranium Index closed higher today, by all of 1.37 points or 1.03%. For the Uranium Index that’s almost nothing. There were 21 winners, 20 losers and 9 going nowhere. Again, a very neutral kind of day. As for the five largest stocks, they were mostly on the up side. Cameco gained 3.7%, Paladin gained 2.6%, Uranium One gained 0.6%, Uranium Participation lost 3.7% and USEC gained 3.0%. The best gainer was East Asia Minerals with a gain of 15.7% while the worst loser was Continental Precious with a loss of 9.3%.
With the day’s action nothing has changed from yesterday so no use wasting time and effort. Check yesterday’s commentary and just apply it to today. The intermediate term rating remains + NEUTRAL and the short term remains BEARISH. The immediate direction of least resistance remains lateral. Hope we have a more interesting day tomorrow.
No comments:
Post a Comment