After The Close, 22 Nov 2010
Merv’s Daily Uranium Index
Market Data
Open: 221.03
High: 224.40
Low: 216.40
Close: 221.60
Volume: 6030
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 quickie today.
A small up day in the uranium markets but without changing any of the week-end ratings so the week-end analysis remains still valid. Although an up day the strength of the daily action was very weak and it’s getting closer to a reversal of some sort. Caution.
The Merv’s Daily Uranium Index closed higher by 2.25 points or 1.02%. There were 26 winners, 21 losers and 3 stocks going nowhere. Cameco lost 0.3%, Denison lost 1.2%, Extract gained 2.4%, Paladin lost 1.3% and Uranium One lost 0.4%. The best winner of the day was Mawson with a gain of 27.6% while the loser of the day was Wealth Minerals with a loss of 9.2%. Market Vectors Nuclear Energy ETF lost 0.4%.
Merv’s Daily Uranium Index
Market Data
Open: 221.03
High: 224.40
Low: 216.40
Close: 221.60
Volume: 6030
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 quickie today.
A small up day in the uranium markets but without changing any of the week-end ratings so the week-end analysis remains still valid. Although an up day the strength of the daily action was very weak and it’s getting closer to a reversal of some sort. Caution.
The Merv’s Daily Uranium Index closed higher by 2.25 points or 1.02%. There were 26 winners, 21 losers and 3 stocks going nowhere. Cameco lost 0.3%, Denison lost 1.2%, Extract gained 2.4%, Paladin lost 1.3% and Uranium One lost 0.4%. The best winner of the day was Mawson with a gain of 27.6% while the loser of the day was Wealth Minerals with a loss of 9.2%. Market Vectors Nuclear Energy ETF lost 0.4%.
2 comments:
Hi Merv,
Technically speaking, what is your opinion on upside potential between Uranium and Gold/Silver? (And potential with the stocks)
U308 is now getting attention after a few dismal years after hedge funds had their way... The industry is looking much brighter from a fundamental perspective.
Gold and Silver have been in a bull market for 9 straight years. It looks like it is not going to stop anytime soon either.
Thanks and keep up the great analysis!
I like both sectors. There are great stocks in both, there will be bummers in both also. I look at the Indices to understand what the whole sector is doing but would not place any money on the behaviour of the Indices. You have to go, in the end, with what the individual stock is doing.
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