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.
Boring. Another day, another reversal. It just seems to go on and on within that short (getting to be intermediate) term box.
The Merv’s Daily Uranium Index closed lower by 0.94 points or 0.54%. There were 14 winners, 29 losers and 7 not in the game. Cameco lost 1.6%, First Uranium lost 4.2%, Paladin gained 0.8%, Uranium One was not in the game and Uranium Participation gained 0.7%. The best winner was USEC with a gain of 9.7% while the worst loser was JNR Resources with a loss of 6.7%. Market Vectors Nuclear Energy ETF lost 0.8%.
Nothing has changed today so the ratings remain BEARISH for both intermediate and short term. The immediate direction of least resistance remains lateral.