Have Uranium Stocks Found A Bottom?

We had a reasonable upside day but in the end nothing has yet significantly changed from the short or intermediate term. One indicator to watch is the daily volume action. For an up day the volume was pathetic and not encouraging at all. Of course it just might be speculators taking time off with the various holidays that are on-going at the present. I guess we’ll just have to watch and wait and see how things develop.

The Merv’s Daily Uranium Index closed higher by 5.81 points or 3.45%. There were 30 winners, 12 losers and 8 going nowhere. The largest stocks were somewhat mixed. Cameco gained 5.1%, First Uranium lost 0.2%, Paladin gained 4.4%, Uranium One was confused and went nowhere and USEC gained 8.0%. The best winner of the day was Strateco with a gain of 13.9% while the loser of the day was Crosshair Exploration with a loss of 7.0%. (more)