After The Close, 12 May 2009
Merv’s Daily Uranium Index
Market Data
Open: 185.74
High: 190.65
Low: 180.64
Close: 186.50
Volume: 7178
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
It’s another small upside day but still well within its rest period. With uranium prices moving sharply higher recently (up another $5.00 this week) one might expect the rest period to be a short one before the stocks catch fire again. However, let’s wait for events to show us the trend.
The Merv’s Daily Uranium Index closed higher by 1.84 points or 0.99%. There were 30 winners, 17 losers and 3 going nowhere. Of the five largest stocks Cameco gained 2.2%, First Uranium lost 7.8%, Paladin gained 1.5%, Uranium One gained 4.9% and USEC lost 3.0%. The best winner on the day was Crosshair Exploration with a gain of 30.0% while the loser on the day was Purepoint Uranium with a loss of 17.4%.
Nothing in the intermediate term has changed much. The Index remains some distance above its positive moving average line and the momentum indicator remains in its positive zone. The momentum continues to move sideways just a shade below its still positive sloping trigger line. The volume indicator continues to move sideways but remains above its positive trigger line. All in all, the intermediate term rating remains BULLISH.
On the short term the Index continues to touch its positive sloping moving average line and bounce off it to close above the line. The momentum indicator remains in its positive zone but below its negative sloping trigger line. The daily volume action is still a ho-hum thing. Maybe it will start perking up soon. For now the short term rating remains BULLISH.
As for the very short term, the moving average has flattened out but the Index remains just above the line. The Stochastic Oscillator seems to be perking up and has moved back into its positive zone and above its trigger line but the trigger remains negative. I would still call the immediate direction of least resistance the lateral direction. The rest period continues for now.
Merv’s Daily Uranium Index
Market Data
Open: 185.74
High: 190.65
Low: 180.64
Close: 186.50
Volume: 7178
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
It’s another small upside day but still well within its rest period. With uranium prices moving sharply higher recently (up another $5.00 this week) one might expect the rest period to be a short one before the stocks catch fire again. However, let’s wait for events to show us the trend.
The Merv’s Daily Uranium Index closed higher by 1.84 points or 0.99%. There were 30 winners, 17 losers and 3 going nowhere. Of the five largest stocks Cameco gained 2.2%, First Uranium lost 7.8%, Paladin gained 1.5%, Uranium One gained 4.9% and USEC lost 3.0%. The best winner on the day was Crosshair Exploration with a gain of 30.0% while the loser on the day was Purepoint Uranium with a loss of 17.4%.
Nothing in the intermediate term has changed much. The Index remains some distance above its positive moving average line and the momentum indicator remains in its positive zone. The momentum continues to move sideways just a shade below its still positive sloping trigger line. The volume indicator continues to move sideways but remains above its positive trigger line. All in all, the intermediate term rating remains BULLISH.
On the short term the Index continues to touch its positive sloping moving average line and bounce off it to close above the line. The momentum indicator remains in its positive zone but below its negative sloping trigger line. The daily volume action is still a ho-hum thing. Maybe it will start perking up soon. For now the short term rating remains BULLISH.
As for the very short term, the moving average has flattened out but the Index remains just above the line. The Stochastic Oscillator seems to be perking up and has moved back into its positive zone and above its trigger line but the trigger remains negative. I would still call the immediate direction of least resistance the lateral direction. The rest period continues for now.
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