After The Close, 11 Feb 2009
Merv’s Daily Uranium Index
Market Data
Open: 140.08
High: 145.16
Low: 135.95
Close: 140.01
Volume: 5569
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
An up day although one would have to look hard at the Index to see it. We’re still in that “box”, for how much longer is anyone’s guess but we’ve been in the box longer than I would have guessed.
The Merv’s Daily Uranium Index closed higher by a whole 0.24 points or 0.17%. There were 25 winners, 19 losers and 6 going nowhere. The five largest stocks closed mixed. Cameco lost 4.6%, Paladin gained 2.6%, Uranium One gained 7.2%, Uranium Participation lost 1.4% and USEC gained 1.6%. The best gainer was East Asia Minerals while the worst loser was Xemplar Energy with a loss of 12.3%.
The intermediate term remains as it has been for a few days now. The Index remains above its positive moving average line and the momentum remains just below its neutral line in the negative zone. It also remains above its positive trigger line. The volume indicator continues to look good and remains above its positive trigger line. The intermediate term rating therefore remains BULLISH.
On the short term the Index is still slightly above its positive moving average line. The momentum indicator remains in its positive zone and is just above its positive trigger line. The daily volume action has still not perked up as one would like to see. However, the short term rating remains BULLISH.
As for the immediate term direction of least resistance, that would be the lateral direction again.
Merv’s Daily Uranium Index
Market Data
Open: 140.08
High: 145.16
Low: 135.95
Close: 140.01
Volume: 5569
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
An up day although one would have to look hard at the Index to see it. We’re still in that “box”, for how much longer is anyone’s guess but we’ve been in the box longer than I would have guessed.
The Merv’s Daily Uranium Index closed higher by a whole 0.24 points or 0.17%. There were 25 winners, 19 losers and 6 going nowhere. The five largest stocks closed mixed. Cameco lost 4.6%, Paladin gained 2.6%, Uranium One gained 7.2%, Uranium Participation lost 1.4% and USEC gained 1.6%. The best gainer was East Asia Minerals while the worst loser was Xemplar Energy with a loss of 12.3%.
The intermediate term remains as it has been for a few days now. The Index remains above its positive moving average line and the momentum remains just below its neutral line in the negative zone. It also remains above its positive trigger line. The volume indicator continues to look good and remains above its positive trigger line. The intermediate term rating therefore remains BULLISH.
On the short term the Index is still slightly above its positive moving average line. The momentum indicator remains in its positive zone and is just above its positive trigger line. The daily volume action has still not perked up as one would like to see. However, the short term rating remains BULLISH.
As for the immediate term direction of least resistance, that would be the lateral direction again.
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