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.

07 October 2009

Merv's Daily Commentary 07 Oct 2009

After The Close, 07 Oct 2009

Merv’s Daily Uranium Index
Market Data

Open: 170.59
High: 175.59
Low: 167.48
Close: 173.54
Volume: 11468

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

Well, everything is starting to look rosy again. I know, we’ve been there before so we should be on guard for another disappointment. In the mean time let’s go with the flow and get out if we have to. I guess another $0.75 rise in the price of uranium, the second week in a row, helped.

The Merv’s Daily Uranium Index ended on the up side again today. It was up 4.14 points or 2.44%. There were 30 winners, 12 losers and still 8 confused. As for those five largest stocks, they were all winners today. Cameco gained 2.0%, First Uranium gained 2.1%, Paladin gained 7.2%, Uranium One gained 16.4% and Uranium Participation gained 3.6%. The best winner on the day was that 16.4% gain of Uranium One while the loser of the day was Ucore Uranium with a loss of 8.4%.

Everything seemed to turn around today. On the intermediate term the Daily Index closed above its moving average line and the line has turned upwards. The momentum indicator moved into its positive zone and above its positive trigger line. The volume indicator has also moved higher and breached its trigger line on the up side with the trigger turning upwards. All is in place again for a rating of BULLISH. The short term moving average line is still slightly below the intermediate term line but this lag is not unusual.

On the short term everything is also coming up roses. The Index closed above its short term moving average line and the line is sloping upwards. The momentum indicator has moved into its positive zone and above its positive trigger line. Today’s daily volume action is what I like to see on an up day, a significant upside volume increase. Putting it all together the short term rating is BULLISH. Here too the very short term moving average line, although moving higher, has not yet crossed above the short term line for a trend reversal confirmation but as mentioned above, this lag in confirming the trend change is not unusual.

I’m always happy to be proven wrong in my immediate direction guess, especially when I am on the low side versus the actual move. The Stochastic Oscillator continues to move aggressively higher and still has another day or so before one can visualize it getting into its overbought zone. So, up is the direction of least resistance guess for tomorrow.


Anonymous said...

Ucore Uranium (UCU) has been moving more (mostly up) due to it's rare earths in Alaska than anything to do with it's uranium property.
Preliminary rare earth drill results should be out soon and if they're good (likely will be) this stock can move much higher in a hurry.

Anonymous said...

Aaah, good ol' rare earths....

Thanx Merv for the analyses: as always.