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.

09 March 2010

Merv's Daily Commentary 09 Mar 2010

After The Close, 09 Mar 2010

Merv’s Daily Uranium Index
Market Data

Open: 172.15
High: 174.12
Low: 170.05
Close: 171.61
Volume: 5324

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 continues to move in a lateral direction but the cumulative effect is starting to show some minor changes in the indicators, mostly the short and very short term.

The Merv’s Daily Uranium Index closed lower again, by 0.65 points or 0.38%. There were 16 winners, 28 losers and 6 do nothing type. Of those five largest stocks by market value, Cameco was a do nothing, First Uranium was another, Paladin lost 2.0%, Uranium One lost 3.9% and Uranium Participation gained 0.7%. The best winner of the day was Uranium Resources with a gain of 132.7% while the loser of the day was a tie between Rockgate Capital and Uracan. Both had losses of 7.1%. Market Vectors Nuclear Energy ETF lost 0.3%.

On the intermediate term the Daily Index remains below its negative sloping moving average line while the momentum indicator has just crossed below its trigger line and the trigger has turned downward. The indicator itself is still in its negative zone. As for the volume indicator, it continues to trace a basic lateral path but has been showing weakness lately. It has dropped below its trigger line and below its level for the past few weeks. All in all the intermediate term rating remains BEARISH.

On the short term, although the Index is tacking a lateral path it has just dropped below its moving average line and the line has turned downward. The momentum indicator has been mostly in its negative zone where it remains today. It has been going up and down and kriss crossing its trigger line. Today the indicator is below its trigger and the trigger has turned downward. The daily volume action is at its highest in the past almost two weeks but unfortunately it is on a down day. The short term rating has once more dropped to the BEARISH level.

As for the immediate direction of least resistance I am getting a little more positive with the Stochastic Oscillator showing signs of improving and moving back into its positive zone although not quite above its trigger line yet. The up side should be in your sights but for another day I will stick with the lateral trend.

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