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.

30 March 2010

Merv's Daily Commentary 30 Mar 2010

After The Close, 29 Mar 2010

Merv’s Daily Uranium Index
Market Data

Open: 170.91
High: 174.34
Low: 169.52
Close: 172.73
Volume: 3405

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

That’s three up days in a row now, will it continue? That resistance level is getting closer and closer, again, so the nails start to get bitten and the nerves start to jitter. The next couple of days should tell us if the odds are looking like a break-out ahead or just another teaser.

The Merv’s Daily Uranium Index was up by 0.72 points or 0.42%. There were 23 winners, 21 losers and 6 going nowhere. Cameco gained 0.2%, First Uranium lost 5.7%, Paladin lost 1.1%, Uranium One gained 3.3% and Uranium Participation gained 0.3%. The best winner today was Quest Uranium with a gain of 10.8% while the worst performer was Forsys Metals with a loss of 6.3%. Market Vectors Nuclear Energy ETF gained 0.1%.

Nothing has changed with today’s move although the intermediate term is getting very close to a full bull. For now the ratings of yesterday remain in effect. The intermediate term remains + NEUTRAL while the short term remains BULLISH.

The direction of least resistance remains to the up side.
Today I have slightly modified my short term momentum criteria for it to be very slightly more aggressive. I don't think it will make a difference most of the time but it could affect the rating on occasion.

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