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.

07 April 2010

Merv's Daily Commentary 07 Apr 2010

After The Close, 07 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 178.72
High: 181.34
Low: 176.02
Close: 178.52
Volume: 3280

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

A very minor hesitation to the latest advance, signifying nothing in particular. This hesitation was to be expected. That previous short term resistance line has now become a support line (it says so, somewhere here in my technical bible). How important it eventually becomes is yet to be seen but I don’t expect it to be breached to the down side.

The Merv’s Daily Uranium Index closed lower by 0.48 points or 0.27%, barely perceptible. There were 17 winners, 23 losers and 10 stocks confused. Cameco lost 0.3%, First Uranium lost 0.7%, Paladin lost 2.2%, Uranium One lost 2.1% and Uranium Participation was confused. The best winner of the day was Quest Uranium with a gain of 10.3% while the worst loser was Forum Uranium with a loss of 6.9%. Market Vectors Nuclear Energy ETF lost 1.2%.

Once again nothing has changed with today’s market action. Both the intermediate and short term ratings remained BULLISH

As for the immediate direction of least resistance, that is another one of those neutral guesses with the lateral trend. The very short term moving average line is still quite positive in its trend but the Stochastic Oscillator is in a topping mode. It has not yet reversed direction and could still move a little higher but it does seem like some steam has been let out of its move.

I’m just about finished with my periodic review of the uranium stocks and hopefully I’ll have my update finished before the week-end. There will be a few changes in the Index component list. As Ryan reminded me there will be a major stock included in the Index. Extract Res. Is one of the biggies but had not been included because of limited historical North American trading data. It now has just enough data available to be included into the Index and will be one of the new stocks. Others have still to be determined. As mentioned in the past, to be included into the Index the stock must have at least a year of relative active trading data on the North American market. In addition, of the 50 component stocks I try to include at least the top 25 stocks by market value (at the time of inclusion). Over the range of 25 stocks the market values range from a high of $10.7 Billion down to $50 Million. Quite a range.

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