After The Close, 03 May 2010
Merv’s Daily Uranium Index
Market Data
Open: 168.21
High: 169.57
Low: 165.32
Close: 167.18
Volume: 2539
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
How much longer are we going to endure this constant dribble, dribble in the Daily Index. Another day and another minor down day. We are now below the major area of recent activity and moving lower. We are now on watch for that 160 level hoping that it will hold should the Index get that low, which it looks like it will.
Merv’s Daily Uranium Index
Market Data
Open: 168.21
High: 169.57
Low: 165.32
Close: 167.18
Volume: 2539
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
How much longer are we going to endure this constant dribble, dribble in the Daily Index. Another day and another minor down day. We are now below the major area of recent activity and moving lower. We are now on watch for that 160 level hoping that it will hold should the Index get that low, which it looks like it will.
The Merv's Daily Uranium Index lost 0.89 points or 0.53%. There were 13 winners, 28 losers and 9 slackers. Cameco lost 1.0%, Extract was a slacker, Paladin lost 3.0%, Uranium One gained 0.4%, and USEC lost 1.2%. The best winner of the day was Quest Uranium with a gain of 8.0% while the worst loser was Pele Mountain with a loss of 10.7%. Market Vectors Nuclear Energy ETF lost 0.5%.
Nothing new, all indicators for all time periods are unchanged and therefore the intermediate and short term ratings remain BEARISH.
The immediate direction of least resistance remains lateral.
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