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.

31 March 2010

Merv's Daily Commentary 31 Mar 2010

After The Close, 31 Mar 2010

Merv’s Daily Uranium Index
Market Data

Open: 173.60
High: 175.67
Low: 170.86
Close: 172.84
Volume: 3267

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

First a minor correction to yesterday’s post. I had it dated as the 29th while it should have been “After the Close 30 Mar 2009”.

The Daily Index today was lower just a little and “just a little” seems to be the daily occurrence for some time. We’re still waiting for that break-out and it looks like it wouldn’t be this week. There is only one more day of trading left and it is highly unlikely that the Index can make a move huge enough to break through that resistance.

The Merv’s Daily Uranium Index closed lower by 0.61 points or 0.35%. There were 16 winners, 25 losers and 9 sleeping. Cameco lost 0.7%, First Uranium lost 1.5%, Paladin was sleeping today, Uranium One lost 4.3% and Uranium Participation gained 0.3%. The best winner of the day was Mawson Resources with a gain of 5.9% while the loser of the day was Tournigan Energy with a loss of 10.9%. Market Vectors Nuclear Energy ETF lost 0.4%.

Once again the minor Index move did nothing for the intermediate and short term indicators. The intermediate term rating remains + NEUTRAL while the short term remains BULLISH.

As for the immediate direction of least resistance I’m going back to the lateral direction gain.

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