After The Close, 02 Apr 2009
Merv’s Daily Uranium Index
Market Data
Open: 147.31
High: 151.61
Low: 142.58
Close: 146.46
Volume: 5202
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 continuing to move higher but still in little steps. Most encouraging would be once we can close at a new really high, above the 158 mark. The way the Index is moving that just might be sometimes next week. For now it’s moving in the right direction so let’s keep our fingers crossed.
The Merv’s Daily Uranium Index closed higher by 2.31 points or 1.60%. There were 25 winners, 15 losers and 10 going nowhere. That’s another thing I’d like to see, fewer unchanged daily movers. Take the number of undecided and put that along with the fact that although the Index closed on the up side it did closed below its early morning opening value and we just might have a slightly negative day despite the upside Index close. As for those five largest stocks, Cameco lost 1.2%, First Uranium lost 1.2%, Paladin gained 4.8%, Uranium One gained 3.8% and USEC gained 7.3%. The best winner was Xemplar Energy with a gain of 21.1% while the worst loser was Uranium Power with only a 4.2% loss.
Everything continues to look good on the intermediate term. The Index remains above its positive moving average line and the momentum indicator remains in its positive zone above its positive trigger line. The volume indicator continues to move ever higher and is only another day way from new all time highs. The intermediate term rating remains BULLISH.
The short term is improving in its indicators although it can’t go any higher in its rating. The Index remains above its positive moving average line and the momentum indicator remains in its positive zone. It has moved above its trigger line but the trigger is still pointing downward. The daily volume activity is still not impressive but is at a level one might expect when we do not have a run-away Index. The short term rating remains BULLISH.
As for the immediate direction of least resistance, I will stick to the lateral direction although there are some signs the Index wants to go either way (therefore the lateral is best).
Merv’s Daily Uranium Index
Market Data
Open: 147.31
High: 151.61
Low: 142.58
Close: 146.46
Volume: 5202
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 continuing to move higher but still in little steps. Most encouraging would be once we can close at a new really high, above the 158 mark. The way the Index is moving that just might be sometimes next week. For now it’s moving in the right direction so let’s keep our fingers crossed.
The Merv’s Daily Uranium Index closed higher by 2.31 points or 1.60%. There were 25 winners, 15 losers and 10 going nowhere. That’s another thing I’d like to see, fewer unchanged daily movers. Take the number of undecided and put that along with the fact that although the Index closed on the up side it did closed below its early morning opening value and we just might have a slightly negative day despite the upside Index close. As for those five largest stocks, Cameco lost 1.2%, First Uranium lost 1.2%, Paladin gained 4.8%, Uranium One gained 3.8% and USEC gained 7.3%. The best winner was Xemplar Energy with a gain of 21.1% while the worst loser was Uranium Power with only a 4.2% loss.
Everything continues to look good on the intermediate term. The Index remains above its positive moving average line and the momentum indicator remains in its positive zone above its positive trigger line. The volume indicator continues to move ever higher and is only another day way from new all time highs. The intermediate term rating remains BULLISH.
The short term is improving in its indicators although it can’t go any higher in its rating. The Index remains above its positive moving average line and the momentum indicator remains in its positive zone. It has moved above its trigger line but the trigger is still pointing downward. The daily volume activity is still not impressive but is at a level one might expect when we do not have a run-away Index. The short term rating remains BULLISH.
As for the immediate direction of least resistance, I will stick to the lateral direction although there are some signs the Index wants to go either way (therefore the lateral is best).
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