After The Close, 10 July 2009
Merv’s Daily Uranium Index
Market Data
Open: 157.61
High: 161.08
Low: 152.95
Close: 159.48
Volume: 3536
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Four days and it looks like we’re getting ourselves boxed in again. I don’t think this time the Index will stay long in a horizontal trend, but which way, that is the question?
The Merv’s Daily Uranium Index closed up but not by much. It was ahead by 1.24 points or 0.78%. There were 21 winners, 18 losers and a lot (11) of stocks totally confused and don’t know where to go. The five largest stocks were mixed but more on the up side. Cameco gained 0.7%, First Uranium lost 0.3%, Paladin gained 2.3%, Uranium One was one of those stocks that was confused and didn’t go anywhere and USEC gained 2.8%. The best winner was Benton with a gain of 9.1% while the worst loser was Wescan Goldfields with a loss of 15.0%.
There has been no change on the intermediate term indicators so the rating remains BEARISH.
The only change on the short term is the move by the momentum indicator above its trigger line but the trigger remains negative. This has not changed the rating, which stays as BEARISH.
The immediate Direction of least resistance remains to the up side.
Merv’s Daily Uranium Index
Market Data
Open: 157.61
High: 161.08
Low: 152.95
Close: 159.48
Volume: 3536
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Four days and it looks like we’re getting ourselves boxed in again. I don’t think this time the Index will stay long in a horizontal trend, but which way, that is the question?
The Merv’s Daily Uranium Index closed up but not by much. It was ahead by 1.24 points or 0.78%. There were 21 winners, 18 losers and a lot (11) of stocks totally confused and don’t know where to go. The five largest stocks were mixed but more on the up side. Cameco gained 0.7%, First Uranium lost 0.3%, Paladin gained 2.3%, Uranium One was one of those stocks that was confused and didn’t go anywhere and USEC gained 2.8%. The best winner was Benton with a gain of 9.1% while the worst loser was Wescan Goldfields with a loss of 15.0%.
There has been no change on the intermediate term indicators so the rating remains BEARISH.
The only change on the short term is the move by the momentum indicator above its trigger line but the trigger remains negative. This has not changed the rating, which stays as BEARISH.
The immediate Direction of least resistance remains to the up side.
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