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 March 2010

Merv's Daily Commentary 24 Mar 2010

After The Close, 24 Mar 2010

Merv’s Daily Uranium Index
Market Data

Open: 171.59
High: 174.28
Low: 169.09
Close: 171.26
Volume: 4017

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

Boring. Another day, another reversal. It just seems to go on and on within that short (getting to be intermediate) term box.

The Merv’s Daily Uranium Index closed lower by 0.94 points or 0.54%. There were 14 winners, 29 losers and 7 not in the game. Cameco lost 1.6%, First Uranium lost 4.2%, Paladin gained 0.8%, Uranium One was not in the game and Uranium Participation gained 0.7%. The best winner was USEC with a gain of 9.7% while the worst loser was JNR Resources with a loss of 6.7%. Market Vectors Nuclear Energy ETF lost 0.8%.

Nothing has changed today so the ratings remain BEARISH for both intermediate and short term. The immediate direction of least resistance remains lateral.

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