Merv’s Daily Uranium Index
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
The posting over the next few weeks will be limited. The week-ends will be as always but during the week, unless something is really happening, I will be taking a rest. So, sporadic posting with often limited info.
The Merv’s Daily Uranium Index closed down slightly by 1.18 points or 0.65%. There were 18 winners, 22 losers and 10 going nowhere. Cameco lost 0.6%, First Uranium lost 1.4%, Paladin gained 5.7%, Uranium One gained 2.0% and Uranium Participation gained 1.5%. The best winner today was NWT Uranium with a gain of 11.5% while the loser was Forsys Metals with a loss of 11.2%. Market Vectors Nuclear Energy ETF lost 1.0%.
Nothing has changed from yesterday so both the short and intermediate term ratings remain BULLISH.
The Stochastic Oscillator continues to move higher as does the very short term moving average line. The upward trend should continue but once again I’ll chicken out and go with the lateral as the direction of least resistance.