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.

06 April 2010

Merv's Daily Commentary 06 Apr 2010

After The Close, 06 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 178.06
High: 181.69
Low: 175.53
Close: 179.00
Volume: 3867

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

Another up day and today there can be no question we are out of the short term box, now on to breaching the long term one (see Index charts on the week-end). The one worrying indicator is still the volume indicator. I was hoping speculators would be back from Easter holidays and have their volume action shown on the charts. The daily volume still does not suggest that they are back in any great quantity.

The Merv’s Daily Uranium Index closed higher by 1.46 points or 0.82%. There were 23 winners, 20 losers and 7 invisible stocks. Cameco lost 0.2%, First Uranium gained 1.5%, Paladin gained 2.5%, Uranium One lost 0.4% and Uranium Participation lost 0.2%. The best daily winner was Ucore Uranium with a gain of 10.7% while the worst loser on the day was Powertech Uranium with a loss of 6.7%. Market Vectors Nuclear Energy ETF gained 0.4%.

The up trend continues but unfortunately seems to be losing steam. The one indicator that is still holding back a little is the volume indicator. Although the Index is in new recent highs the volume indicator is still below its late Feb high. The intermediate term indicators all remain positive and the rating remains BULLISH. The short term moving average line is also above the intermediate term line for confirmation of the bull.

On the short term all remains positive here also. The momentum is getting close to its overbought zone but still has a little more to go. The short term remains BULLISH with the very short term moving average line confirming.

The Stochastic Oscillator still has another day before it gets into its overbought zone but anytime now it could reverse direction. The very short term moving average line continues upwards aggressively. The trend remains upward but do not be surprised if we get some hesitation in the move just about here. However, should the Index hesitate it should not be a serious event with the up trend continuing shortly thereafter.

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