After The Close, 29 Mar 2010
Merv’s Daily Uranium Index
Market Data
Open: 170.91
High: 174.34
Low: 169.52
Close: 172.73
Volume: 3405
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
That’s three up days in a row now, will it continue? That resistance level is getting closer and closer, again, so the nails start to get bitten and the nerves start to jitter. The next couple of days should tell us if the odds are looking like a break-out ahead or just another teaser.
The Merv’s Daily Uranium Index was up by 0.72 points or 0.42%. There were 23 winners, 21 losers and 6 going nowhere. Cameco gained 0.2%, First Uranium lost 5.7%, Paladin lost 1.1%, Uranium One gained 3.3% and Uranium Participation gained 0.3%. The best winner today was Quest Uranium with a gain of 10.8% while the worst performer was Forsys Metals with a loss of 6.3%. Market Vectors Nuclear Energy ETF gained 0.1%.
Nothing has changed with today’s move although the intermediate term is getting very close to a full bull. For now the ratings of yesterday remain in effect. The intermediate term remains + NEUTRAL while the short term remains BULLISH.
The direction of least resistance remains to the up side.
Merv’s Daily Uranium Index
Market Data
Open: 170.91
High: 174.34
Low: 169.52
Close: 172.73
Volume: 3405
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
That’s three up days in a row now, will it continue? That resistance level is getting closer and closer, again, so the nails start to get bitten and the nerves start to jitter. The next couple of days should tell us if the odds are looking like a break-out ahead or just another teaser.
The Merv’s Daily Uranium Index was up by 0.72 points or 0.42%. There were 23 winners, 21 losers and 6 going nowhere. Cameco gained 0.2%, First Uranium lost 5.7%, Paladin lost 1.1%, Uranium One gained 3.3% and Uranium Participation gained 0.3%. The best winner today was Quest Uranium with a gain of 10.8% while the worst performer was Forsys Metals with a loss of 6.3%. Market Vectors Nuclear Energy ETF gained 0.1%.
Nothing has changed with today’s move although the intermediate term is getting very close to a full bull. For now the ratings of yesterday remain in effect. The intermediate term remains + NEUTRAL while the short term remains BULLISH.
The direction of least resistance remains to the up side.
Today I have slightly modified my short term momentum criteria for it to be very slightly more aggressive. I don't think it will make a difference most of the time but it could affect the rating on occasion.
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