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.

22 February 2010

Merv's Daily Commentary 22 Feb 2010

After The Close, 22 Feb 2010

Merv’s Daily Uranium Index
Market Data

Open: 175.57
High: 177.25
Low: 171.99
Close: 174.12
Volume: 3209

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

Despite what looks like an up trading day the Daily Index closed lower by barely a tenth of a %. It still looks like a short term topping process is on going. If it could break above that upper channel resistance line that would be encouraging.

The Merv’s Daily Index closed lower by 0.24 points or 0.14%. There were 16 winners, 29 losers and 5 stocks sleeping. Cameco gained 0.3%, First Uranium lost 1.6%, Paladin lost 2.2%, Uranium One lost 0.3% and uranium Participation gained 1.8%. The best of the winners was Strathmore Minerals with a gain of 15.9% while the worst of the losers was Purepoint Uranium with a loss of 10.3%. Market Vectors Nuclear Energy ETF lost 0.1%.

Nothing in the indicators has changed since the week-end as far as the indicators and ratings are concerned. The intermediate term remains BEARISH while the short term remains BULLISH.

As for the immediate direction of least resistance, that will continue to be to the lateral for at least another day.

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