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.

07 December 2009

Merv's Daily Commentary 07 Dec 2009

After The Close, 07 Dec 2009

Merv’s Daily Uranium Index
Market Data

Open: 178.93
High: 181.95
Low: 176.32
Close: 179.68
Volume: 4260

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

The daily action still remains in the box and the FAN Principle continues to be valid. Today’s action continued to just touch the third trend line, which is not unusual. However, it should do so for no longer than another day or two before the pattern becomes questionable. Otherwise, nothing much changed today from the week-end commentary.

The Merv’s Daily Uranium Index closed higher by 0.57 points or 0.32%. Small potatoes. There were 19 winners, 23 losers and 8 getting lost. Cameco gained 0.2%, First Uranium gained 1.7%, Paladin lost 1.5%, Uranium One gained 0.6% and Uranium Participation lost 0.7%. The best winner of the day was Altius with a gain of 8.9% while the loser of the day was Ucore Uranium with a loss of 9.1%.

As mentioned above, nothing has changed in the indicators or ratings. Both the intermediate and short term ratings remain BULLISH.

On the immediate direction of least resistance, I will continue with the lateral direction although the Stochastic Oscillator moved further below its overbought line, but still in the positive zone. One might take that as lower prices ahead but I’m going with the FAN Principle.

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