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.

24 February 2010

Merv's Daily Commentary 24 Feb 2010

After The Close, 24 Feb 2010

Merv’s Daily Uranium Index
Market Data

Open: 171.58
High: 173.93
Low: 169.08
Close: 171.15
Volume: 2554

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

The uranium stocks were lower again today but as yet I don’t see a plunge ahead. I would expect another couple of days of basically sideways motion, a little up, a little down without the Index really going anywhere in particular. Of course, I can change that assessment quickly if the market action should justify it.

The Merv’s Daily Uranium Index closed lower by 0.58 points or 0.34%. There were 15 winners, 26 losers and 9 just fast asleep. Cameco gained 0.4%, First Uranium gained 8.3%, Paladin was fast asleep, Uranium One lost 1.0% and Uranium Participation lost 0.8%. The best winner of the day was First Uranium with that 8.3% gain while the loser of the day was Terra Ventures with a loss of 8.9%. Market Vectors Nuclear Energy ETF closed ahead by 0.4%.

As nothing much has changed in the indicators or ratings so I’ll just take the easy way out and say, “check yesterday’s commentary for details”. The intermediate term remains BEARISH while the short term remains BULLISH. The short term, however, is getting very close to some downsizing should we have much more down side action.

As for the immediate direction of least resistance, I’ll continue with the lateral direction for another day as I do not really see any major move up or down (although the pressure is towards the down side).

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