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.

11 February 2010

Merv's Daily Commentary 11 Feb 2010

After The Close, 11 Feb 2010

Merv’s Daily Uranium Index
Market Data

Open: 165.03
High: 168.56
Low: 163.27
Close: 167.43
Volume: 3339

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

A good day for the uranium stocks but more is still required. The trend, at least from the very short term, seems to be definitely to the up side. However, that plunge a week ago really caused the indicators to be far removed from the Index. It’s now taking more upside than would be usual for the Index to get above the short term averages, but it’s starting.

The Merv’s Daily Uranium Index closed with a gain of 3.08 points or 1.87%. There were 29 winners, 9 losers and 12 still not knowing where they want to go. Cameco gained 2.7%, First Uranium gained 3.6%, Paladin gained 1.8%, Uranium One gained 0.9% and Uranium Participation gained 0.3%. The best winner of the day was Ucore Uranium with a gain of 16.7% while the loser of the day was CanAlaska Uranium with a loss of 8.3%. Market Vectors Nuclear Energy ETF gained 1.5%.

On the intermediate term things are still as they were all week. The rating remains BEARISH.

On the short term the Daily Index closed just a hair above its moving average line but the line remains pointing downward. The momentum indicator is in a positive trend above its positive trigger line but still in the negative zone. The daily volume action is still quite low but I expect it will perk up if the trend remains positive. The short term rating has now been upgraded to + NEUTRAL.

The very short term moving average line has turned upward with the Index above the line. It has not yet moved above the short term line for any kind of confirmation of a turn around, which would still take another day or two of upside action. The Stochastic Oscillator is moving sharply higher and has entered its positive zone. I think I will go with the up side as the immediate direction of least resistance today. Another up day and the action will have broken above a short term down trend line, which would just be another sign of a turn around in progress.

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