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.



10 August 2009

Merv's Daily Commentary 10 Aug 2009


After The Close, 10 Aug 2009

Merv’s Daily Uranium Index
Market Data

Open: 172.18
High: 175.63
Low: 168.82
Close: 171.81
Volume: 4362

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

It was a slightly negative day for the uranium stocks. The evening is pretty busy today so let’s just get right to the usual stuff.

The Merv’s Daily Uranium Index closed lower by 1.84 points or 1.05%. There were 11 winners, 31 losers and 8 going nowhere. Of the five largest stocks, Cameco lost 0.3%, First Uranium lost 4.0%, Paladin lost 3.9%, Uranium One lost 4.1% and USEC was the lone winner having gained 2.6%. The best winner on the day was Xemplar Energy with a gain of 14.3% while the loser on the day was Kodiak Exploration with a loss of 11.3%.

Things are changing on the intermediate term. The Daily Index has closed very slightly below its moving average line and worse, the line has turned downward. The momentum indicator is still in its positive zone but closed below its trigger line. The trigger is now in a horizontal trend ready to turn downward. The volume indicator remains in a basic lateral trend although it does have a negative bias. It moved today below its trigger line and the trigger has turned downward. All in all, the intermediate term rating has suddenly collapsed and is now a BEARISH rating.

On the short term the Index closed almost on top of its short term moving average line with the line slope still pointing upward. The momentum indicator is also still in its positive zone but has closed below its trigger line and the trigger has turned down. As I have been mentioning, the daily volume activity leaves a lot to be desired. For at least another day the short term rating remains BULLISH.

As for the immediate direction of least resistance, I’ll go with the lateral again, although it does look like the down side has an edge.

1 comment:

turbotrader said...

Merv, I always enjoy looking over your blog, keep up the good analysis :)