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.

26 October 2009

Merv's Daily Commentary 26 Oct 2009

After The Close, 26 Oct 2009

Merv’s Daily Uranium Index
Market Data

Open: 183.94
High: 187.78
Low: 177.65
Close: 179.82
Volume: 5733

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 downer. Looks like that 175, give or take a few points, is just about to be reached. Once there we should expect the down cycle to halt, if not necessarily reverse. We’ll take it a day at a time for now.

The Merv’s Daily Uranium Index closed lower by 3.04 points or 1.66%. There were only 8 winners today, 39 losers and 3 not going anywhere. Cameco gained 0.2%, First Uranium lost 3.6%, Paladin lost 1.3%, Uranium One lost 1.3% and Uranium Participation gained 1.4%. The Market Vectors Nuclear Energy ETF lost 1.0%. The best performer on the day was Titan Uranium with a gain of 15.9% while the worst performer was Ucore Uranium with a loss of 15.6%.

About the only change in the indicators, other than getting weaker, was the short term moving average line which has now turned downward. Otherwise, all the indicators remain vas they were on the week-end. The down turn in the short term momentum has resulted in the short term rating now going fully BEARISH while the intermediate term rating is still BULLISH.

1 comment:

tturaniuminvest said...

Hi Merv :)

Chart still looking Bullish at present, displaying Higher highs Lower Lows. Agree we should see an end to this short term sell off soon & one would expect a new uptrend to begin, based on short term fundamentals, & that is lack of short term supply (4-6 Months)due to BHP's Olympic Dam Production concerns. For those unaware, Olympic Dam supplies approximately 8% of the Worlds Uranium Oxide.

Cheers from tturaniuminvest