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.

23 March 2010

Merv's Daily Commentary 23 Mar 2010

After The Close, 23 Mar 2010

Merv’s Daily Uranium Index
Market Data

Open: 171.22
High: 173.90
Low: 168.89
Close: 172.20
Volume: 4341

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

Ho hum, what a lazy boring market this has been for the past few weeks. You can’t really get all that excited when the Daily Index just keeps moving sideways within a relatively narrow box. It seems the Index is starting another one of its minor rallies, or will it be more this time? Maybe that $1.00 gain in uranium price this week will kick in and push the Index much higher.

The Merv’s Daily Uranium Index was on the up side today by 1.24 points or 0.73%. There were 22 winners, 18 losers and 10 stocks completely boring. Cameco gained 0.1%, First Uranium lost 5.3%, Paladin lost 0.8%, Uranium One lost 0.8% and Uranium Participation gained 1.7%. The best winners of the day was CanAlaska with a gain of 9.4% while the worst loser was First Uranium with a loss of 5.3%. Market Vectors Nuclear Energy ETF gained 0.3%.

With today’s small upside Index move nothing has changed in the intermediate term indicators. Therefore, the intermediate term rating remains BEARISH. The short term moving average line remains below the intermediate term line confirming this bearish continuation.

The same is true for the short term indicators as for the intermediate term. It may be seen, however, that the momentum indicator is moving higher rapidly and could move into its positive zone tomorrow. Anyway, the short term rating remains BEARISH. The very short term moving average line is below the short term line confirming the bear, however, it is very close to the short term line and could cross back above with one or two days of upside Index action.

I know many of you are just waiting for the right time to get back into the stocks. I have gone through all 50 Index component stocks today and the vast mass of stocks are still not in any condition, technically, to think of buying them. There are four that are looking good at this time. These are Blue Sky, Forsys, NWT Uranium and USEC. They are either starting moves or look poised to do so. Their volume activity is on the up side indicating speculators are taking positions` in them now. You could do worse than taking a look at these stocks.
As some know, I have been having problems with my primary computer for a few weeks now. I have lost all of my emails and email addresses in the process. If there are some of you who have emailed me over the past few weeks and have not received a reply please resent you email to me at so I can rectify situation.

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