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 thought I’d take Monday off but boy, what a market. 8 stocks with daily gains over 20%, 24 out of 50 stocks with double digit gains. Now THAT’S a bull market.
The Merv’s Daily Uranium Index closed the day with a gain of 16.13 points or 7.73%. Now that’s like the good old days. There were 45 daily winners, only 3 losers and 2 sleepers. Cameco gained 8.5%, Extract gained 1.7%, Fronteer gained 9.7%, Paladin gained 4.1% and Uranium One gained 2.0%. Note that these five largest stocks in the Index had no double digit winners among them. The best winner of the day was Khan Resources with a gain of 35.8% while the loser of those three stocks was Ucore Uranium with a loss of 4.1%. Market Vectors Nuclear Energy ETF gained 3.9%. The speculative stocks had a very, very good day.
Without going into details, the week end commentary should suffice, all time periods ratings remain BULLISH.
One thing of note: The Index can now be seen as being in a blow-off stage. The breaking of that third FAN trend line will tell us when this move is over. Stay tuned and go with the winners.