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.

08 February 2010

Merv's Daily Commentary 08 Feb 2010

After The Close, 08 Feb 2010

Merv’s Daily Uranium Index
Market Data

Open: 163.32
High: 166.46
Low: 160.67
Close: 162.36
Volume: 2996

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

Down once more but still in the box. Looking at the chart one might call this more of a lateral move than a downside one. The day’s action did not go below Friday’s low. This is a good sign regardless of the negative close.

The Merv’s Daily Uranium Index closed lower by 2.16 points or 1.31%. There were 12 winners, 32 losers and 6 just bumming around. Cameco lost 1.4%, First Uranium lost 2.8%, Paladin lost 3.5%, Uranium One lost 1.5% and Uranium Participation lost 0.7%. The best performer was Forum Uranium with a gain of 14.3% while the worst performer was Powertech Uranium with a loss of 8.3%. Market Vectors Nuclear Energy ETF lost 1.5%.

Nothing has changed in the indicators from the week-end so I’ll just go to the chase and continue with a BEARISH rating for both the intermediate and short term.

As for the immediate direction of least resistance, it does look like the Index is setting itself up for a bounce of some sort but I’ll go with my most common lateral direction.

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