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.

10 February 2010

After The Close, 10 Feb 2010

Merv’s Daily Uranium Index
Market Data

Open: 165.19
High: 166.97
Low: 162.66
Close: 164.35
Volume: 3139

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

A very small decline, more along the line of a lateral move. The full trading range today was trapped within the trading range of yesterday. That is the best definition of a perfect lateral move, or at least today it is. We remain in the box so the wide lateral several month move continues.

The Merv’s Daily Uranium Index closed with a small loss of 0.82 points or 0.50%. There were 13 winners, 25 losers and 12 stragglers. Cameco lost 0.5%, First Uranium was one of the stragglers with a zero move, Paladin lost 1.2%, Uranium One lost 0.6% and Uranium Participation was another straggler. The best winner of the day was Ucore Uranium with a gain of 6.5% while the loser of the day was Benton Resources with a loss of 8.3%. Market Vectors Nuclear Energy ETF gained 0.5%.

Once again nothing is happening with the indicators so I’ll save time and go directly to the short and intermediate term ratings, both being BEARISH.

As for the immediate direction of least resistance, that would continue to be in a lateral direction.

No comments: