After The Close, 11 June 2009
Merv’s Daily Uranium Index
Market Data
Open: 188.79
High: 193.52
Low: 186.01
Close: 190.48
Volume: 5742
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Another relatively mild day in the uranium stock market. The Daily Index remains in its box but is getting squeezed by that short term up trending trend line. Something’s gotta happen soon.
The Merv’s Daily Uranium Index closed higher by 2.43 points or 1.29%. There were 28 winners, 16 losers and 6 stocks asleep. The five largest stocks were mixed with Cameco closing higher by 1.2%, First uranium higher by 2.5%, Paladin higher by 3.8%, First uranium lower by 1.5% and USEC lower by 0.2%. The best winner was US Energy Corp with a gain of 20.4% while the worst loser was Powertech Uranium with a loss of 12.3%.
Since the Index moved higher just a notch nothing in the short or intermediate term has changed. I’ll cut today short and just say that both time periods remain BULLISH.
The immediate direction of least resistance also remains the same as yesterday, lateral.
Merv’s Daily Uranium Index
Market Data
Open: 188.79
High: 193.52
Low: 186.01
Close: 190.48
Volume: 5742
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Another relatively mild day in the uranium stock market. The Daily Index remains in its box but is getting squeezed by that short term up trending trend line. Something’s gotta happen soon.
The Merv’s Daily Uranium Index closed higher by 2.43 points or 1.29%. There were 28 winners, 16 losers and 6 stocks asleep. The five largest stocks were mixed with Cameco closing higher by 1.2%, First uranium higher by 2.5%, Paladin higher by 3.8%, First uranium lower by 1.5% and USEC lower by 0.2%. The best winner was US Energy Corp with a gain of 20.4% while the worst loser was Powertech Uranium with a loss of 12.3%.
Since the Index moved higher just a notch nothing in the short or intermediate term has changed. I’ll cut today short and just say that both time periods remain BULLISH.
The immediate direction of least resistance also remains the same as yesterday, lateral.
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