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.
Still nothing much happening although the Daily Index does look like it’s bottoming out. However, it hasn’t really started moving higher yet. Let’s take it one day at a time.
The Merv’s Daily Uranium Index closed higher by a whole 0.15 points or 0.10%. There were 17 winners, 29 losers and 4 still sleeping. Cameco gained 1.0%, Extract lost 0.9%, Paladin lost 1.4%, Uranium One gained 2.9% and USEC lost 8.8%. The best winner of the day was Rockgate Capital with a gain of 7.1% while the worst loser was Uracan with a loss of 12.5%. Market Vectors Nuclear Energy ETF lost 0.1%.
Again, nothing has yet changed in the indicators to affect the ratings in the short or intermediate term. Both remain rated as BEARISH.
As for the immediate direction of least resistance, that is starting to look more and more like the up side but the move has not really started. A close at or above the 162.50 level should set the stage for more upside. In the mean time I’ll continue with the lateral as the immediate direction for another day.