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.

18 November 2009

Merv's Daily Commentary 18 Nov 2009

After The Close, 18 Nov 2009

Merv’s Daily Uranium Index
Market Data

Open: 178.91
High: 180.97
Low: 175.16
Close: 178.45
Volume: 5441

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

Despite almost everything in the market moving higher these past couple of days the uranium stocks seemed to have lost energy and just stood still. I guess the price of uranium falling another $1.50 this week might have something to do with it. We’re still trapped in the “box” as we have been for the past several months. I don’t know about you but I find these lateral trend period boring.

The Merv’s Daily Uranium Index closed higher by a whole 0.15 points or 0.08%. WOW! There were 17 winners, 23 losers and 10 stragglers. That seems more of a 0.08% downer than an upper. As for those five largest stocks by market value, Cameco gained 2.0%, First Uranium lost 3.3%, Paladin lost 0.2%, Uranium One lost 1.2% and Uranium Participation lost 0.9%. The best winner today was Alberta Star with a gain of 12.5% while the loser on the day was Tournigan with a loss of 14.3%. Market Vectors Nuclear Energy ETF gained o.1%.

Since my last commentary nothing much has changed, at least not from the ratings standpoint. On the intermediate term the Index is above a positive moving average line and the momentum is in its positive zone above its positive trigger line. The volume indicator continues to move higher above its positive trigger line. The intermediate term rating remains BULLISH. As a confirmation the short term moving average line has just crossed above the intermediate term line.

On the short term the Index is above its short term positive moving average line and the momentum indicator remains in its positive zone above its positive trigger line. The daily volume action is back to its anemic action. All in all, the short term remains BULLISH.

All is positive from the very short term perspective so I will go with the up side as the direction of least resistance.

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