After The Close, 24 June 2009
Merv’s Daily Uranium Index
Market Data
Open: 166.34
High: 172.63
Low: 163.83
Close: 168.68
Volume: 4727
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 seems like that P&F up trend line shown yesterday was a good support, at least so far. We still need much more upside action to be out of the woods. Maybe this week’s $1.00 rise in uranium price will put some gusto into the move.
The Merv’s Daily Uranium Index closed a little higher today, by 4.08 points or 2.48%. There were 34 winners, 11 losers and 5 going nowhere. All of the five largest stocks were gainers today. Cameco gained 0.4%, First Uranium gained 3.9%, Paladin gained 3.4%, Uranium One gained 6.2% and USEC gained 6.1%. The best gainer of the day was Uranium Energy with a gain of 19.8% while the loser of the day was Rockgate Capital with a loss of 8.0%.
The only change in the indicators today was the short term momentum indicator moving above its negative trigger. However, the indicator is still in its negative zone and the ratings have not changed. Both the short and intermediate term ratings remain BEARISH.
For no other reason but that I’m lazy today, I’ll remain with my lateral direction as the immediate direction of least resistance.
Merv’s Daily Uranium Index
Market Data
Open: 166.34
High: 172.63
Low: 163.83
Close: 168.68
Volume: 4727
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 seems like that P&F up trend line shown yesterday was a good support, at least so far. We still need much more upside action to be out of the woods. Maybe this week’s $1.00 rise in uranium price will put some gusto into the move.
The Merv’s Daily Uranium Index closed a little higher today, by 4.08 points or 2.48%. There were 34 winners, 11 losers and 5 going nowhere. All of the five largest stocks were gainers today. Cameco gained 0.4%, First Uranium gained 3.9%, Paladin gained 3.4%, Uranium One gained 6.2% and USEC gained 6.1%. The best gainer of the day was Uranium Energy with a gain of 19.8% while the loser of the day was Rockgate Capital with a loss of 8.0%.
The only change in the indicators today was the short term momentum indicator moving above its negative trigger. However, the indicator is still in its negative zone and the ratings have not changed. Both the short and intermediate term ratings remain BEARISH.
For no other reason but that I’m lazy today, I’ll remain with my lateral direction as the immediate direction of least resistance.
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