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.

23 November 2009

Merv's Daily Commentary 23 Nov 2009

After The Close, 23 Nov 2009

Merv’s Daily Uranium Index
Market Data

Open: 179.00
High: 181.89
Low: 175.06
Close: 177.32
Volume: 6716

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

Still in the “box” and still in the up trending channel. Today’s action seemed to be trending in the right direction except that it closed the day below its daily opening price. One often looks at such a close as a negative day despite the Index still closing above the previous close. The waiting game continues to see which way this market will play itself out.

The Merv’s Daily Uranium Index closed the day on the up side by 0.33 points or 0.19%. There were 23 winners, 20 losers and 7 just going along for the ride. Cameco lost 1.1%, First uranium gained 0.9%, Paladin lost 2.2%, Uranium One was one of those just going along for the ride with a 0.0% move and Uranium Participation gained 2.0%. The best winner of the day was Ucore Uranium with a gain of 29.3% while the loser of the day was Bayswater Uranium with a loss of 9.1%. Market Vectors Nuclear Energy ETF was up 1.6%.

There doesn’t seem to be any real change in the intermediate or short term indicators from that of the week-end so I’ll just cut to the chase and rate both time periods as continuing BULLISH.

I guess I should have gone with my more common direction of least resistance during the week-end. That being the lateral trend. The Stochastic Oscillator is still moving lower and with today’s close being below its open I will still stick with the down side as the direction of least resistance.

1 comment:

Anonymous said...

Hi Merv,

May be you know all that but to me it was new. You will find there (an analysis about Extract and Kalahari) some general informations about the future of uranium market which are not very optimistic for the uranium investors/speculators who follow your blog.
Best regards,