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.

12 April 2010

Merv's Daily Commentary 12 Apr 2010

After The Close, 12 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 179.33
High: 180.55
Low: 176.38
Close: 177.71
Volume: 4164

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

Another small down day in the Daily Index but nothing very much has been affected, at least not from the ratings standpoint. The Index remained slightly above that support line. Let’s see if the line holds up. The Index is also within a short term up trending channel. With the Stochastic Oscillator continuing to move lower one wonders if the Index is not headed towards recent lows, either late March or early Feb.

The Merv’s Daily Uranium Index closed lower by 1.19 points or 0.67%. There were 16 winners, 27 losers and 7 stocks giving us a headache. Cameco lost 0.9%, Extract was giving us a headache, Paladin lost 3.2%, Uranium One lost 0.4& and USEC lost 0.5%. The best winner was Blue Sky Uranium with a small gain of 6.3% while the worst loser was Quest Uranium with also a small loss of 7.3%. Market Vectors Nuclear Energy ETF gained 0.3%.

With the minor lower close today nothing much has changed from the week-end. About the only change was that the short term momentum indicator has crossed below its trigger line but the trigger remains pointing upwards. Both the intermediate and short term ratings remain BULLISH.

As for the immediate direction of least resistance, I will remain with the lateral direction for another day. The Index does not seem to be going anywhere fast even though the Stochastic Oscillator continues to move lower.

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