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.
A slight down day as was expected. Nothing much has changed in the indicators except that the short term momentum indicator has now moved below its overbought line and the Stochastic Oscillator is once more moving lower and is already below its level from last week. Both indicators suggest we may have a few more down days ahead. Other than that the ratings remain as in the past few days. We will probably have another down day tomorrow.
The Merv’s Daily Uranium Index closed on the down side by 0.97 points or 0.57%. There were 11 winners, 26 losers and 13 just sitting around doing nothing much. Cameco lost 0.6%, Extract lost 5.3%, Fronteer lost 0.9%, Paladin lost 1.9% and Uranium One lost 0.9%. The best winner of the da was Xemplar Energy with a gain of 33.3% while the loser of the day was Forum Uranium with a loss of 5.9%. Market vectors Nuclear Energy ETF lost 1.5%.