After The Close, 18 Feb 2009
Merv’s Daily Uranium Index
Market Data
Open: 139.11
High: 144.04
Low: 133.36
Close: 138.43
Volume: 4454
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Another day, another ho-hum market. The uranium stocks advanced but so little that it was almost not worth the effort. We’re still in that very tight “box” where we have been for a month now. The stocks, as represented by the Daily Index, have really gone nowhere for that long. Gee wiz; I though the “stimulus” bill, now law, would have put a fire under the stocks and good times would be had by all. Are the markets seeing something that the law makers refuse to see?
The Merv’s Daily Uranium Index closed higher by 0.50 points or 0.36%. There were 16 winners, 31 losers and 3 going nowhere. Better than yesterday but still no great shakes. As for those five largest stocks, Cameco gained 5.2%, Paladin lost 2.5%, Uranium One lost 7.0%, Uranium Participation lost 1.3% and USEC lost 0.9%. The best winner on the day was Terra Ventures with a gain of 14.6% while the loser on the day was Vena Resources with a loss of 15.0%.
The day’s activity was so mild that it had no effect on the intermediate or short term indicators. For some change of scenery I include the volume indicator on the chart today with its intermediate term trigger line. It suggests that despite the lateral drift of the Index and momentum indicator, the trading volume seems to favor the up side. Despite this positive volume information the ratings remain as they were yesterday, + NEUTRAL for the intermediate term and BEARISH for the short term.
As for the immediate direction of least resistance, that would continue to be the lateral.
Merv’s Daily Uranium Index
Market Data
Open: 139.11
High: 144.04
Low: 133.36
Close: 138.43
Volume: 4454
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Another day, another ho-hum market. The uranium stocks advanced but so little that it was almost not worth the effort. We’re still in that very tight “box” where we have been for a month now. The stocks, as represented by the Daily Index, have really gone nowhere for that long. Gee wiz; I though the “stimulus” bill, now law, would have put a fire under the stocks and good times would be had by all. Are the markets seeing something that the law makers refuse to see?
The Merv’s Daily Uranium Index closed higher by 0.50 points or 0.36%. There were 16 winners, 31 losers and 3 going nowhere. Better than yesterday but still no great shakes. As for those five largest stocks, Cameco gained 5.2%, Paladin lost 2.5%, Uranium One lost 7.0%, Uranium Participation lost 1.3% and USEC lost 0.9%. The best winner on the day was Terra Ventures with a gain of 14.6% while the loser on the day was Vena Resources with a loss of 15.0%.
The day’s activity was so mild that it had no effect on the intermediate or short term indicators. For some change of scenery I include the volume indicator on the chart today with its intermediate term trigger line. It suggests that despite the lateral drift of the Index and momentum indicator, the trading volume seems to favor the up side. Despite this positive volume information the ratings remain as they were yesterday, + NEUTRAL for the intermediate term and BEARISH for the short term.
As for the immediate direction of least resistance, that would continue to be the lateral.
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