Merv’s Daily Uranium Index
Market Data
Open: 171.36
High: 173.37
Low: 166.85
Close: 170.11
Volume: 5240
Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.
For the past five days the Daily Index has shown barely a movement. The trend has been very much to the lateral. It can’t last but when it will finally burst out of this lateral phase is anyone’s guess.
The Merv’s Daily Uranium Index closed lower by 0.05 points or 0.03%, about as close to a zero day as we are ever to see. There were 22 winners, 25 losers and only 3 going nowhere. Cameco lost 0.1%, First Uranium lost 1.4%, Paladin gained 2.4%, Uranium One gained 3.6% and Uranium Participation gained 0.8%. The best winner of the day was Energy Fuels with a gain of 18.6% while the loser on the day was Strateco with a loss of 13.8%.
Nothing has changed from yesterday. The one indicator that I expected to change was the slope of the intermediate term moving average line. It had gone horizontal yesterday and lo and behold, it continues horizontal. I haven’t seen the intermediate term moving average in a straight horizontal path for three days, ever. This is one for the books. Anyway, nothing has changed so the intermediate term rating remains at – NEUTRAL while the short term remains as BEARISH. Maybe tomorrow we’ll see some kind of action.
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