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.
Another ho-hum day at the market. The Merv’s Daily Uranium Index closed up another 0.53 points or 0.30%. There were 18 winners, 20 losers and 12 stocks muddying up the works. Cameco lost 0.8%, Extract gained 8.1%, Paladin gained 0.5%, Uranium One gained 1.5% and USEC lost 0.8%. The best winner was Khan Resources with a gain of 18.3% and the worst loser was JNR Resources with a 7.3% loss. Market Vectors Nuclear Energy ETF lost 0.7%.
Nothing has changed with today’s market action so the ratings remain as they were. The intermediate term remains BULLISH while the short term remains + NEUTRAL.
As for the immediate direction of least resistance, why spoil a winning guess, I’ll remain with my lateral direction again.