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.

18 February 2010

Merv's Daily Commentary 18 Feb 2010

After The Close, 18 Feb 2010

Merv’s Daily Uranium Index
Market Data

Open: 172.59
High: 175.00
Low: 169.71
Close: 172.76
Volume: 4083

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

One way of looking at it is little by little the Index is moving higher. However, the past two days does look very much like a topping or hesitation activity. The Index just seems to have run out of steam for now. Give it a rest and keep the fingers crossed that after the rest it will continue working its way higher.

The Merv’s Daily Uranium Index closed higher by 0.09 points or 0.05%, barely worth while speaking about. There were 18 winners, 27 losers and 5 just sitting on their behinds. As for those five largest stocks, Cameco gained 1.1%, First Uranium lost 5.2%, Paladin lost 0.3%, Uranium One lost 2.8% and Uranium Participation lost 1.3%. The best winner was NWT Uranium with a gain of 12.5% while the loser of the day was First Uranium with that relatively minor loss of 5.2%. Market Vectors Nuclear Energy ETF lost 0.3%.

Nothing in the ratings has changed but let’s quickly go through the routine. On the intermediate term the Index remains below its negative sloping moving average line. The momentum indicator is still slightly below its neutral line in the negative zone but above its positive sloping trigger line. The volume indicator has just crossed above its trigger line but the trigger is still pointing downward. All in all, the intermediate term rating remains BEARISH. The short term moving average line remains below the intermediate term line for a continuing confirmation of this rating.

On the short term the Index is above its positive sloping moving average line. The momentum indicator moved into the positive zone yesterday and remains there. It is also above its positive sloping trigger line. The daily volume activity could be a lot higher but I’ll give it time. For now the short term rating remains BULLISH.

As for the direction of least resistance, that topping that I had envisioned is occurring. It may continue slowly rolling over or could drop like a rock but for now I’ll still go with the lateral trend as the most likely least resistance direction.

1 comment:

tturaniuminvest said...

Uranium Investors take Note of the recent Political turmoil that occurred on Thursday 18th Feb, that toppled President Mamadou Tandja.

This could possibly send a shudder into current floundering Uranium Spot Price.

Fingers crossed that we should see some upward movement based on fear of the chance of possible supply disruption disruptions.

Cheers :)