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.
Merv’s Daily Uranium Index closed slightly higher today by 0.55 points or 0.32%. There were 24 winners, 17 losers and 9 slackers. Cameco lost 1.3%, Extract gained 1.2%, Paladin gained 0.5%, Uranium One gained 0.4% and USEC gained 0.3%. The best daily winner was Quaterra with a gain of 7.2% while the loser of the day was Kavalliq Energy with a loss of 10.6%. Market Vectors Nuclear Energy ETF gained 1.2%.
Time is short today and I will be on the move tomorrow so today is short but I hope that I will be able to get a full daily commentary out tomorrow.
Nothing changed with today’s advance so both intermediate and short term remain BEARISH.
The immediate direction of least resistance I will remain at a lateral direction.