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.
I’d say that was pretty much a lateral day. It still looks like the Index is slowly going through a turning process but another day or so is still required to getr a better idea.
The Merv’s Daily Uranium Index closed higher by 1.32 points or 0.90%. There were 22 winners, 18 losers and 10 scared to move. Cameco gained 1.6%, Extract lost 2.5%, Fronteer lost 1.1%, Paladin gained 5.8% and Uranium One gained 0.5%. The best gainer of the day was Xemplar Energy with a gain of 11.1% while the worst loser was Terra Ventures with a loss of 11.8%. Market Vectors Nuclear Energy ETF gained 2.4%.
Today’s upside move did nothing for the indicators or ratings so I’ll just simplify the analysis and say both the intermediate and short term ratings remain BEARISH.
As for the immediate direction of least resistance, I’ll go with the lateral for another day although it continues to look like the up side coming up.