Merv’s Weekly Uranium Review
for week ending 06 February 2009
Merv’s Daily Uranium Index
Market Data for Friday 06 Feb 2009
Open: 139.33
Hugh: 145.84
Low: 137.07
Close: 141.10
Volume: 5904
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
Sorry for the delay, it was a busy day yesterday and I just wasn’t able to get everything done that I usually do. This is just a brief summary of where we stand as of Friday close. I will have the detailed analysis this evening “after the close”.
The Merv’s Daily Uranium Index was up 2.76 points or 1.99% on Friday. The Merv’s Weekly Uranium Index closed the week with a gain of 157.70 points or 4.46%.
Although things are looking better and better there still has not been a break-out from the short term “box” which would forecast the start of a new trend. The ratings have not changed from Thursday (or last week for the long term). They remain BEARISH for the long term and BULLISH for the intermediate and short term. As for the direction of least resistance, I will stick with the lateral for another day although the underlying strength seems to be perking up for the up side.
Detail analysis for all three time periods will be this evening.
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