Analysis of the market activity of uranium securities.
After The Close, 03 Nov 2010
Merv’s Daily Uranium Index
Market Data
Open: 197.97
High: 203.63
Low: 193.63
Close: 200.16
Volume: 11710
Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.
We are finally through the previous top and into the 200 level. Things continue to look good. Will have a full review on the week-end and things will be back to normal after that.
What this blog IS
A periodic review of the daily or weekly market action in uranium stocks. The review is strictly from the technical perspective. Merv is a pure market technician.
Weekly, one will find a table of technical information and ratings of the 50 component stocks of the Merv's Uranium Index as well as a weekly summary of the uranium stock activity.
Daily (most days), one will find a daily review of the market action of the Merv's Daily Uranium Index as well as technical analysis of one or more uranium stocks of interest.
What this blog IS NOT
This blog IS NOT a blog providing any fundamental information on uranium stocks. Merv does not have the time to gather such information. Please check with your broker or investment adviser.
For those who wish fundamental information on stocks the LINKS section has links to a variety of web sites providing such information. New links are added as they become known.
4 comments:
Merv,
If it is possible and if you have time at some point, could you post a chart showing the long term history (to see where we are in relation to the 2007 peak)?
Thanks!
Ryan
Hi Merv,
Just another 'fundamental' update on the U308 price, UxC has it up $1.50 to $53.50
Looks like the strength of this rally is strong, not like some of the weak rallies over the last few years...
Maybe the volume will pick up as more value investors jump on board.
Hi Merv,
it would also be interesting how your P+F chart developed and if we are on the way to the last predictions. Can you please do an update in your next weekend edition?
Regards,
maxxu
Long term from the 2007 top is posted.
P&F chart will be posted during the week. It has made a significant upside break and I will comment on it during the Week-end commentary, to be posted on Sunday.
Post a Comment