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.

02 March 2010

Merv's Daily Commentary 02 Mar 2010

After The Close, 02 Mar 2010

Merv’s Daily Uranium Index
Market Data

Open: 172.72
High: 174.51
Low: 170.24
Close: 172.11
Volume: 3735

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

The Daily Index seems to be taking a rest today. Although down slightly at the close the daily trading really went nowhere. This is almost in keeping with a development of a reverse head and shoulder pattern. As mentioned previously to confirm this pattern the Index would have to breach the neckline, shown on the chart as a solid red line.

The Merv’s Daily Uranium Index closed lower by 0.92 points or 0.53%. There were 18 winners, 22 losers and 10 stocks marking time. Cameco lost 1.0%, First Uranium gained 6.9%, Paladin gained 0.3%, Uranium One gained 1.0% and Uranium Participation lost 2.3%. The best daily performer was Mawson with a gain of 7.9% while the worst performer was Forum Uranium with a loss of 13.5%. Market Vectors Nuclear Energy ETF gained o.3%.

The only change in the indicators and ratings occurred in the short term. The momentum indicator crossed oh so slightly into its negative zone but remains just above its positive trigger line. The short term rating has dropped a notch to the + NEUTRAL level, one notch below a full bull.

The intermediate term remains BEARISH.

The immediate direction of least resistance has weakened somewhat with today’s action so I will go with the lateral direction.

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