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.
When things continue to go the right way what can a person say? Just shut up and pretend you knew it all along. I guess one should just sit back and enjoy the trend.
The Merv’s Daily Uranium Index closed once more on the up side by 4.79 points or 2.08%. There were 35 winners, 8 losers and 7 stocks going nowhere, mostly because they trade on the U.S. exchanges and those exchanges were having a turkey. Cameco gained 1.6%, Denison gained 8.1%, Extract gained 4.2%, Paladin gained 5.9% and Uranium One gained 9.7%. The best winner of the day was Rockgate Capital with a gain of 23.3% while the loser of the day was Mawson with a loss of 6.5%. Market Vectors Nuclear Energy ETF was having a turkey.
The indicator today was a price Rate of Change indicator, just for a change of pace. What this indicator is showing is the % gain in the stock price over the previous 50 days, as a moving value.
The week-end will see a full analysis, just enjoy while the trend continues higher.