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.
Well, the three day rally has come to an end with a slight down day in the Daily Index. So far it does not affect much. We’ll just have to see what comes next.
The Merv’s Daily Uranium Index closed lower by 0.68 points or 0.42%. There were 13 winners, 29 losers and 8 sleepers. Cameco gained 1.1%, Extract gained 3.5%, Paladin lost 0.3%, Uranium One lost 5.3%, USEC lost 1.1%. The best winner of the day was UEX Corp with a gain of 4.2% while the worst loser was Pele Mountain with a loss of 7.2%. Market Vectors Nuclear Energy ETF lost 0.7%.
Nothing has changed in the indicators from yesterday so I’ll go the lazy route again and say that the intermediate term rating remains BEARISH while the short term rating remains + NEUTRAL.
With today’s halt in the rally I’ll go back to my usual lateral direction as the immediate direction of least resistance.