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 Merv’s Daily Uranium Index closed lower by 2.58 points or 1.49%. There were 5 winners, 37 losers and 8 slackers. Cameco lost 0.2%, Extract lost 6.8%, Paladin lost 2.7%, Uranium One lost 1.1% and USEC lost 0.2%. The best winner of the day was Fission Energy with a gain of 6.7% while the loser of the day was JNR Resources with a loss of 10.0%. Market Vectors Nuclear Energy ETF lost 0.4%.
Nothing has changed today so both intermediate and short term ratings remain BEARISH.
As for the immediate direction of least resistance, that still looks like the lateral direction with the Stochastic Oscillator continuing to move sideways.