After The Close, 17 Sep 2009
Merv’s Daily Uranium Index
Market Data
Open: 182.76
High: 185.96
Low: 175.70
Close: 179.85
Volume: 8700
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
A little down time signifying nothing serious yet. We can always expect some down moves within an up trend or up moves within a down trend. It’s only serious when they extend into reversal categories. This usually requires at least several days of reversals. The up trending channel and location of the short term moving average line suggest that the Index has some room to relax before we have to start worrying about the possibility of a trend reversal.
The Merv’s Daily Uranium Index closed lower by 1.71 points or 0.94%. There were 14 winners, 29 losers and 7 going nowhere. Of the five largest stocks only Cameco was on the up side. Cameco gained 0.4%, First Uranium lost 3.9%, Paladin was confused and went nowhere, Uranium One lost 2.3% and Uranium Participation lost 3.2%. The best winner today was Strateco with a gain of 25.3% while the loser of the day was Kodiak Exploration with a loss of 8.3%.
The move today was of no real significance and the ratings have not changed. Both the short and intermediate term ratings remain BULLISH.
As for the direction of least resistance, I will go back to my lateral direction. Too many conflicting indicators to decide one way or the other.
Merv’s Daily Uranium Index
Market Data
Open: 182.76
High: 185.96
Low: 175.70
Close: 179.85
Volume: 8700
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
A little down time signifying nothing serious yet. We can always expect some down moves within an up trend or up moves within a down trend. It’s only serious when they extend into reversal categories. This usually requires at least several days of reversals. The up trending channel and location of the short term moving average line suggest that the Index has some room to relax before we have to start worrying about the possibility of a trend reversal.
The Merv’s Daily Uranium Index closed lower by 1.71 points or 0.94%. There were 14 winners, 29 losers and 7 going nowhere. Of the five largest stocks only Cameco was on the up side. Cameco gained 0.4%, First Uranium lost 3.9%, Paladin was confused and went nowhere, Uranium One lost 2.3% and Uranium Participation lost 3.2%. The best winner today was Strateco with a gain of 25.3% while the loser of the day was Kodiak Exploration with a loss of 8.3%.
The move today was of no real significance and the ratings have not changed. Both the short and intermediate term ratings remain BULLISH.
As for the direction of least resistance, I will go back to my lateral direction. Too many conflicting indicators to decide one way or the other.
No comments:
Post a Comment