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.

05 November 2009

Merv's Daily Commentary 05 Nov 2009

After The Close, 05 Nov 2009

Merv’s Daily Uranium Index
Market Data

Open: 173.87
High: 177.24
Low: 171.15
Close: 174.78
Volume: 3886

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’s been a few days since my last post but nothing spectacular has happened. The Daily Index seems to be turning around but without any real enthusiasm. We do have those higher lows and higher highs, the next should be a higher high.

Today was a mild upside Index day but a downside component stock day. The Merv’s Daily Uranium Index gained 1.52 points or 0.88%. There were 17 winners, 30 losers and only 3 confused. The five largest stocks were somewhat mixed. Cameco gained 2.8%, First Uranium lost 8.9%, Paladin gained 1.8%, Uranium One gained 3.2% and Uranium Participation lost 0.3%. Market Vectors Nuclear Energy ETF gained 1.1%. The best winner today was Continental Precious Minerals with a gain of 17.2% while the worst performer was Alberta Star with a loss of 10.5%.

The Daily Index closed just above its positive intermediate term moving average line. The momentum indicator closed in its positive zone just above its trigger line although the trigger is still pointing downward. The volume indicator is once more above its trigger line and the trigger is pointing upwards. The intermediate term rating is BULLISH today.

On the short term the Index remains below its negative sloping moving average line. The short term momentum indicator, although moving upwards, is still in its negative zone below its negative sloping trigger line. The daily volume action remains low and is below its 15 day average volume line. All in all, the short term rating remains BEARISH.

As for the immediate direction of least resistance, that looks still to be the lateral direction although the Stochastic Oscillator is roaring upwards and is almost into its overbought zone.


Anonymous said...

Does anyone know why LAM is doing so poorly? Thanks

Merv said...

LAM has a very strong 8 month support at $1.10. However, a close below there could result in a move back to $0.60. Needs $1.50 to become interesting. Bottom fishers might want to buy in at the $1.10 to $1.20 range but keep your exit stradegy active.

Anonymous said...
This comment has been removed by a blog administrator.