After The Close, 19 Apr 2011
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.
The action in the past day or two has been basically a lateral action with a negative bias. Although the close today was at a new low (other than 3 days during the plunge) the action still did not go below recent daily lows. I expect that will change in a day or two but not drastically.
The Merv’s Daily Uranium Index closed lower by 0.70 points or 0.36%. There were 11 winners, 28 losers and 11 bummers. Cameco was a bummer, Denison lost 0.9%, Extract was a bummer, Paladin lost 3.4% and Uranium One gained 1.6%. The best daily winner was U308 Corp. with a gain of 11.4% while the daily loser was a tie between Forum Uranium and Tournigan, each with a loss of 8.6%. Market Vectors Uranium + Nuclear Energy ETF gained 0.8% while Global X Uranium ETF lost 0.1%.
Nothing much is happening with the trend or indicators, all time periods remain BEARISH. The immediate direction of least resistance remains lateral for another day.