Merv’s Weekly Uranium Review
for week ending 22 May 2009
Merv’s Daily Uranium Index
Market Data for Friday 22 May 2009
Open: 180.53
Hugh: 185.01
Low: 177.31
Close: 181.03
Volume: 4950
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
We’re still in that “box” and nothing significant will happen as long as we remain there. It’s one of those days when a lot is going on and my time seems just too limited. I will just go through the facts today and leave any commentary for another day.
The Merv’s Daily Uranium Index closed on Friday with a gain of 1.59 points or 0.88%. There were 25 daily winners, 18 daily losers and 7 going nowhere. As for the five largest stocks, Cameco gained 0.4%, First Uranium gained 1.5%, Paladin gained 4.3%, Uranium One lost 1.5% and USEC gained 1.6%. The best performer on the day was Terra Ventures with a gain of 11.6% while the worst daily performer was Uracan with a loss of 8.9%.
As for the week as a whole, the Merv’s Weekly Uranium Index closed higher by 190.44 points or 3.65%. Cameco gained 1.5% on the week, First Uranium gained 0.7%, Paladin gained 7.0%, Uranium One lost 4.8% and USEC gained 11.8%. The best weekly winner was Uranium Energy with a weekly gain of 30.7% while the worst weekly performer was Uracan with a weekly loss of 12.1%.
There was nothing in the Friday action that would change the various ratings. Cutting things to the minimum, the short, intermediate and long term ratings remain as they were. The long term is BULLISH, the intermediate term is BULLISH and the short term remains BEARISH. The direction of least resistance is to the lateral as we remain in the “box.
Sorry for the quickie summary but time does not permit any more.
for week ending 22 May 2009
Merv’s Daily Uranium Index
Market Data for Friday 22 May 2009
Open: 180.53
Hugh: 185.01
Low: 177.31
Close: 181.03
Volume: 4950
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
We’re still in that “box” and nothing significant will happen as long as we remain there. It’s one of those days when a lot is going on and my time seems just too limited. I will just go through the facts today and leave any commentary for another day.
The Merv’s Daily Uranium Index closed on Friday with a gain of 1.59 points or 0.88%. There were 25 daily winners, 18 daily losers and 7 going nowhere. As for the five largest stocks, Cameco gained 0.4%, First Uranium gained 1.5%, Paladin gained 4.3%, Uranium One lost 1.5% and USEC gained 1.6%. The best performer on the day was Terra Ventures with a gain of 11.6% while the worst daily performer was Uracan with a loss of 8.9%.
As for the week as a whole, the Merv’s Weekly Uranium Index closed higher by 190.44 points or 3.65%. Cameco gained 1.5% on the week, First Uranium gained 0.7%, Paladin gained 7.0%, Uranium One lost 4.8% and USEC gained 11.8%. The best weekly winner was Uranium Energy with a weekly gain of 30.7% while the worst weekly performer was Uracan with a weekly loss of 12.1%.
There was nothing in the Friday action that would change the various ratings. Cutting things to the minimum, the short, intermediate and long term ratings remain as they were. The long term is BULLISH, the intermediate term is BULLISH and the short term remains BEARISH. The direction of least resistance is to the lateral as we remain in the “box.
Sorry for the quickie summary but time does not permit any more.
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