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.
Although small we still have another up day in the Daily Index. The Merv’s Daily Uranium Index gained o.83 points or 0.48%. There were 24 winners, 18 losers and 8 stocks standing still. Cameco gained 0.8%, First Uranium lost 2.2%, Paladin gained 5.6%, Uranium One lost 0.3% and Uranium Participation gained 1.1%. The best winner of the day was Forum Uranium with a gain of 15.8% while the loser of the day was Uranium Resources lost 9.1%. Market Vectors Nuclear Energy ETF gained 0.4%.
The gain today did nothing for the indicators so I’ll cut things short and just go directly to the ratings, BEARISH on the intermediate term and BULLISH on the short term. For details, go to the previous say’s commentary.
The immediate direction of least resistance still seems to be the up side but it does look like the very short term may be topping out or stabilizing for the next few days, so I’ll go with the lateral.