BASIC NOTES

Uranium Companies

There are very few pure uranium companies. Most companies, especially the small exploration type, are active in more than the uranium industry. This blog makes no attempt to guage the percentage of a companies activity that are related to the finding, mining or processing of uraniun. They all do, however, have some uranium activities (to the best of our review).

Merv's Uranium Indices

I have developed two Uranium Indices. They each have the same component stocks but are calculated using different methodologies. My weekly Index is based upon the average weekly performance of the component stocks. My daily Index is based upon the daily average of the component stocks open, high, low and close prices along with the daily average volume of all component stocks.

Click on the chart or table to enlage the view.



13 November 2007

Uranium Energy Corp. (A-UEC), 13 Nov 2007



Uranium Energy looks like one uranium stock that wants nothing to do with the recent weakness. We have a nice saucer reversal pattern here with confirmation of the pattern by both the momentum indicator and the volume indicator. The price is above its positive intermediate term moving average line and more importantly, has just broken above a previous resistance. All systems seem to be GO for UEC however, I would wait for a decisive move through resistance and buy at $4.90 with a stop loss at $3.50. Should today’s reaction go much lower, a low ball buy point might be the $3.70 level.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)