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.
Another downer. Looks like that 175, give or take a few points, is just about to be reached. Once there we should expect the down cycle to halt, if not necessarily reverse. We’ll take it a day at a time for now.
The Merv’s Daily Uranium Index closed lower by 3.04 points or 1.66%. There were only 8 winners today, 39 losers and 3 not going anywhere. Cameco gained 0.2%, First Uranium lost 3.6%, Paladin lost 1.3%, Uranium One lost 1.3% and Uranium Participation gained 1.4%. The Market Vectors Nuclear Energy ETF lost 1.0%. The best performer on the day was Titan Uranium with a gain of 15.9% while the worst performer was Ucore Uranium with a loss of 15.6%.
About the only change in the indicators, other than getting weaker, was the short term moving average line which has now turned downward. Otherwise, all the indicators remain vas they were on the week-end. The down turn in the short term momentum has resulted in the short term rating now going fully BEARISH while the intermediate term rating is still BULLISH.