Merv’s Daily Uranium Index
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
The Merv’s Daily Uranium Index closed up by 3.59 points or 2.11%. There were 30 winners, 15 losers and only 5 going nowhere. Cameco gained 2.9%, First Uranium gained 13.5%, Paladin went nowhere, Uranium One lost 2.5% and Uranium Participation gained 0.5%. The best winner was Benton with a gain of 16.0% while the worst loser was Khan with a loss of only 5.7%.
Just a quick update as I just was able to download my data. The Daily Index had a good day with all indicators moving higher. Two quick points, the volume finally seems to be improving on the up side and the Stochastic Oscillator seems to be turning towards the down side (but not there yet). One is a good sign the other may be telling us that a rest is in order. Other than that both the short and intermediate term ratings remain BULLISH.