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.

02 December 2009

Merv's Daily Commentary 02 Dec 2009

After The Close, 02 Dec 2009

Merv’s Daily Uranium Index
Market Data

Open: 178.51
High: 183.83
Low: 176.01
Close: 181.91
Volume: 6846

Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.

Well, everything was bullish yesterday and nothing has changed today, especially since it was another up day for uranium stocks. We’re now above the short term box, but only very, very slightly. Still the closing price of the Daily Index was above the high of the box activity. Seems like the Index is once more going in the right direction, but how long will it last?

The Merv’s Daily Uranium Index closed higher by 3.23 points or 1.81%. There were 21 winners, 19 losers and 10 undecided. I don’t know if it is just me but I don’t particularly like the sight of 20% of the stocks in the “going nowhere” category. As for the top five stocks, they all were winners today (excerpt for one undecided). Cameco gained 4.0%, First Uranium gained 8.1%, Paladin was a no show undecided, Uranium One gained 4.8% and Uranium Participation gained 0.6%. The best winner today was Alberta Star with a gain of 14.3% while the worst loser today Blue Sky Uranium with a loss of 11.4%. Market Vectors Nuclear Energy ETF was ahead 1.9%.

As mentioned earlier nothing has changed today so I’ll just cut the conversation and say that for both the short and intermediate term the rating is BULLISH.

As for the direction of least resistance, I guess that would still be the up side although the Stochastic Oscillator is getting close to its overbought level and some rest might be in order in the next few days.


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