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.
Once more the Daily Index is forming a “box” pattern. Sideways seems to be one of this Indices most favorite directions. There was a very minor decline in the Index today with almost a double of declining issues versus advancing ones. Nothing of significance has hanged in the indicators so the ratings remain BULLISH.
The Merv’s Daily Uranium Index closed lower by 0.40 points or 0.23%. There were 14 winners, 27 losers and 9 stocks running around but going nowhere. Cameco gained 2.0%, Extract lost 1.5%, Fronteer gained 2.7%, Paladin lost 0.8% and Uranium One lost 3.8%. The best winner was CanAlaska with a gain of 10.5% while the loser was Blue Sky Uranium with a loss of 9.8%. Market Vectors Nuclear Energy ETF gained 0.4%.
Full analysis during the week-end.