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.

28 September 2009

Merv's Daily Commentary 28 Sept 2009

After The Close, 28 Sep 2009

Merv’s Daily Uranium Index
Market Data

Open: 171.47
High: 175.71
Low: 167.96
Close: 172.04
Volume: 4948

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

Nothing much has changed from the week-end. The market was up slightly today leaving all the indicators where they were but just a tinge more positive. The bounce or short term rally that I was looking for seems to have started. Let’s hope it isn’t just a one day wonder.

The Merv’s Daily Uranium Index closed the day up 1.37 points or 0.80%. There were 26 winners, 17 losers and 7 marking time. The five largest stocks were mixed. Cameco lost 1.0%, First Uranium gained 3.6%, Paladin gained 2.2%, Uranium One gained 8.1% and Uranium Participation lost 0.3%. The best daily winner was Mawson with a gain of 13.6% while the worst daily loser was Purepoint with a loss of 10.7%.

As mentioned above, nothing much has changed. The Daily Index closed above its positive sloping intermediate term moving average line. The momentum indicator remains in its positive zone but below its negative sloping trigger line. The volume indicator is slightly below its negative sloping trigger line. However, my proprietary magical calculator puts all that together and still gets a BULLISH rating.

On the short term the Index remains below its negative moving average line. The momentum indicator remains in its negative zone below its negative trigger line. The daily volume action is not really telling us anything special. The short term rating remains BEARISH.

The Stochastic Oscillator has not yet turned around but is in the process. It is basically in a horizontal direction from a negative one the other day. Another day and it should start climbing. I’ll go with the lateral direction again for one more day but hoping that the up side takes the lead.

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