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.

16 November 2009

Merv's Daily Commentary 16 Nov 2009

After The Close, 16 Nov 2009

Merv’s Daily Uranium Index
Market Data

Open: 176.11
High: 181.84
Low: 173.64
Close: 179.23
Volume: 8236

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

A good day was had by (almost) all. It looks like we are on a roll, now let’s see how far it goes. The Daily Index still has a long way to go to get back into new recovery highs.

The Merv’s Daily Uranium Index closed higher by 4.40 points or 2.52%. There were 28 daily winners, 16 losers and 6 wannabees (winners or losers, I’m not sure which). We had one loser in the top 5 stocks. Cameco gained 1.1%, First Uranium lost 3.4%, Paladin gained 7.7%, Uranium One gained 5.6% and Uranium Participation gained 1.2%. The best winner of the day were two of them with the same gain, RPT Uranium and Uranium Energy, each with 12.9% gains. The loser of the day was NWT Uranium with a loss of 8.8%. Market Vectors Nuclear Energy ETF gained 0.9%.

Everything is in sync on the up side for the intermediate and short terms. The Daily Index is above both moving averages and both are sloping upwards. Both momentum indicators are in their positive zone above their positive trigger lines. The intermediate term volume indicator remains positive above its positive sloping trigger line. The daily volume action improved and is above its 15 day average line. All in all, both time periods have BULLISH ratings.

As for the direction of least resistance, the Stochastic Oscillator has turned upwards as expected during the week-end commentary. It is above neutral and its trigger lines but the trigger is still negative. Maybe tomorrow will turn the trigger around. The least resistance direction appears to be the up side.

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