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.

29 July 2009

Merv's Daily Commentary 29 July 2009

After The Close, 29 July 2009

Merv’s Daily Uranium Index
Market Data

Open: 165.32
High: 168.55
Low: 160.18
Close: 164.68
Volume: 7614

Note that the volume is an average volume of round lot sales for the 5 0 component stocks. For total volume, multiply by 5000.

Another down day and another one where the opening and closing prices were very close. The FAN PRINCIPLE continues to perform and should for at least the next few days. Volume is slowly coming back to its previous low level after the burst of activity in USEC yesterday. It will still take another day or two for the shock of yesterday to wear out.

The Merv’s Daily Uranium Index closed lower on the day by 2.61 points or 1.56%. There were 10 winners, 34 losers and 6 going nowhere. As for those five largest stocks, all were in the negative camp. Cameco lost 1.8%, First Uranium lost 0.8%, Paladin lost 5.4%, Uranium One lost 3.0% and USEC lost another 7.4% after yesterday’s massive drop. The best daily performer today was East Asia Minerals with a gain of 30.0% while the worst daily performer was Wescan Goldfields with a loss of 14.3%.

Both the intermediate and short term were BEARISH yesterday and there was no change today, so, being somewhat lazy I think I’ll leave it at that.

As for the immediate direction of least resistance, well I guess I’ll just have to go with the flow and pick the down side for tomorrow. The very short term moving average line has turned sharply downward, as could be expected and the Stochastic Oscillator is in its negative zone heading lower real fast.

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