Merv’s Daily Uranium Index
Market Data
Open: 280.27
High: 289.43
Low: 278.05
Close: 284.98
Volume: 8657
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
Well, that was a surprise. All indications were for a continuation of the topping process. I guess the week-end advice (posted this morning) was worth what you paid for it. However, although the Index had a good day the indicators are still holding back so I would give it another day or two before changing my prognosis of what’s to come.
The Merv’s Daily Uranium Index closed higher by 7.00 points or 2.52%. There were 38 winners, 7 losers and 5 stocks stunned and didn’t know what to do. Cameco gained 3.8%, Denison gained 8.1%, Extract gained 0.5%, Paladin gained 1.5% and Uranium One gained 2.9%. The best winner of the day was Uracan with a gain of 9.8%, not even a double digit win with a day like today. The loser of the day was CanAlaska with a loss of only 3.0%. The overall market was pretty thin as far as price movement was concerned. Market Vectors Uranium-Nuclear Energy ETF gained 0.8% while Global X Uranium ETF gained 2.7%.
Nothing has change from the analysis posted earlier today. The Stochastic Oscillator is just about to get back into its positive zone but not quite today. All in all I will leave my earlier post unchanged.
2 comments:
Hi Merv,
You posted a long term weekly chart of your index a few months ago. (Since you have started tracking U308) Do you have that in a P&F chart?
Also, I know you track Gold stocks. There is a new company that you may want to add to your tracking list that just started trading last December.
Pretium Resources
The former CEO of Silver Standard purchased the property from Silver Standard.
Pretium is now in my gold directory, Thanks.
My long term Weekly Index goes back several years and a P&F chart could be made with any data BUT I would not be comfortable with a P&F chart made from weekly closing prices only. The best P&F chart I can give is made from my Daily Index which only goes back months before the 2007 top. This I post from time to time, and especially the last bear to bull period.
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