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.
Just a brief note again as nothing is still happening. The one interesting point to note on the chart is that the previous Daily Index support has now become a resistance level. This now seems to be the level to watch for something happening. Until then, relax.
The Merv’s Daily Uranium Index closed the day very slightly on the up side with an advance of 0.42 points or 0.25%. There were 15 winners, 23 losers and a whole lot of stocks not playing the game, 12 of them. Cameco gained 1.2%, Denison lost 2.4% as did Extract, Paladin gained 1.6% and Uranium One lost 1.2%. Market Vectors Uranium + Nuclear Energy ETF gained 0.7% while Global X Uranium ETF gained 0.9%.
All time periods are BEARISH today so no use wasting time on them.