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.
Uranium was up a buck last week but it sure didn’t do the stocks any good. New reaction lows in the Daily Index but the New York market was closed for Independence Celebrations and trading was very light, cousing volatility in prices that did trade.
The Merv’s Daily Uranium Index closed lower by 1.69 points or 1.20%. There were 3 winners, 26 losers and a whole pile of sleepers (21 with 9 of those not traded on the U.S. market). Cameco lost 2.4%, Extract was a sleeper, Fronteer lost 2.4%, Paladin lost 1.6% and Uranium One lost 0.4%. The best of the 3 winners was Quest Uranium with a gain of 13.0% while the loser of the bunch was Xemplar Energy woth a loss of 15.8%. Market Vectors Nuclear Energy ETF did not trade.
Indicators continue lower so the intermediate and short term ratings remain BEARISH.
I’ll stick with the lateral direction as the one with the least resistance.