After The Close, 09 Sep 2009
Merv’s Daily Uranium Index
Market Data
Open: 169.22
High: 173.20
Low: 165.27
Close: 169.93
Volume: 5259
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Well, the Index went up and the Index went down but in the end the Index went basically nowhere. It was up just a little, enough to affect some indicators but not enough to change anything. After a few good days and with the Index having moved into a strong resistance area I was not surprised that it went nowhere today. Uranium price down another dollar this week --- not helping.
The Merv’s Daily Uranium Index was up 0.42 points or 0.25%. There were 21 winners, 19 losers and 10 just piddling along. Most of the five largest stocks were bummers today although one was a winner. Cameco lost 2.5%, First Uranium gained 1.1%, Paladin lost 4.8%, Uranium One lost 0.8% and Uranium Participation lost 0.5%. The best of the bunch was Hathor with a gain of 22.5% while the worst of the bunch was Ucore with a loss of 12.0%.
There was no change to the indicators to cause a change in the ratings. About the only change was the very short tern moving average line crossing above the short term moving average line to confirm the previous BULLISH short term rating. The intermediate term also remains BULLISH.
I will go with the lateral as the direction of least resistance. The Index seems to have hit a wall for now.
Merv’s Daily Uranium Index
Market Data
Open: 169.22
High: 173.20
Low: 165.27
Close: 169.93
Volume: 5259
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
Well, the Index went up and the Index went down but in the end the Index went basically nowhere. It was up just a little, enough to affect some indicators but not enough to change anything. After a few good days and with the Index having moved into a strong resistance area I was not surprised that it went nowhere today. Uranium price down another dollar this week --- not helping.
The Merv’s Daily Uranium Index was up 0.42 points or 0.25%. There were 21 winners, 19 losers and 10 just piddling along. Most of the five largest stocks were bummers today although one was a winner. Cameco lost 2.5%, First Uranium gained 1.1%, Paladin lost 4.8%, Uranium One lost 0.8% and Uranium Participation lost 0.5%. The best of the bunch was Hathor with a gain of 22.5% while the worst of the bunch was Ucore with a loss of 12.0%.
There was no change to the indicators to cause a change in the ratings. About the only change was the very short tern moving average line crossing above the short term moving average line to confirm the previous BULLISH short term rating. The intermediate term also remains BULLISH.
I will go with the lateral as the direction of least resistance. The Index seems to have hit a wall for now.
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