After The Close, 19 Mar 2009
Merv’s Daily Uranium Index
Market Data
Open: 129.02
High: 133.28
Low: 125.51
Close: 129.11
Volume: 4350
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Still trapped inside the channel and still moving basically sideways. Today’s action was relatively mild.
The Merv’s Daily Uranium Index closed on the up side by 0.90 points or 0.70%. Nibble, nibble continues. There were 19 winners, 22 losers and 9 going nowhere. The five largest stocks were mixed as one expects when the market is unsure which way to go. Cameco gained 3.5%, Paladin lost 0.8%, Uranium One lost 0.4%, Uranium Participation gained 0.8% and USEC lost 1.9%. The best winner today was Bannerman with a gain of 12.5% while the loser on the day was Uranium Power with a loss of 15.4%.
Again, with such a small daily move nothing in the indicators or chart has changed. Both the intermediate and short term ratings remain as they were on the week-end. The intermediate term remains BEARISH while the short term remains BULLISH.
The very short term moving average line has just inched above the short term line so I guess I’ll stick with the positive direction as the direction of least resistance for the immediate moves.
I just didn’t have the time today to post a brief commentary on the RSI. Will do so tomorrow.
Merv’s Daily Uranium Index
Market Data
Open: 129.02
High: 133.28
Low: 125.51
Close: 129.11
Volume: 4350
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Still trapped inside the channel and still moving basically sideways. Today’s action was relatively mild.
The Merv’s Daily Uranium Index closed on the up side by 0.90 points or 0.70%. Nibble, nibble continues. There were 19 winners, 22 losers and 9 going nowhere. The five largest stocks were mixed as one expects when the market is unsure which way to go. Cameco gained 3.5%, Paladin lost 0.8%, Uranium One lost 0.4%, Uranium Participation gained 0.8% and USEC lost 1.9%. The best winner today was Bannerman with a gain of 12.5% while the loser on the day was Uranium Power with a loss of 15.4%.
Again, with such a small daily move nothing in the indicators or chart has changed. Both the intermediate and short term ratings remain as they were on the week-end. The intermediate term remains BEARISH while the short term remains BULLISH.
The very short term moving average line has just inched above the short term line so I guess I’ll stick with the positive direction as the direction of least resistance for the immediate moves.
I just didn’t have the time today to post a brief commentary on the RSI. Will do so tomorrow.
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