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.

26 April 2010

Merv's Daily Commentary 26 Apr 2010

After The Close, 26 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 170.94
High: 173.13
Low: 168.26
Close: 170.80
Volume: 4111

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

Note that today’s chart was posted earlier.

Well, let’s hope the computer troubles are behind, although the laptop cannot be fixed to its usual working condition. The graphics card has some defect that could not be fixed and because it is “welded” to the mother board rather than a plug-in it could not be replaced. The computer works but the monitor view is not what it should be. As for the desk top, this was the second crash in a little over a month and both times it was the hard drive. This time the new hard drive crashed but was fixed by the technician using some recovery program. It looks like my previous technician gave me a bummer drive. I had two computers with identical programs and updated data just in case one crashed but I sure didn’t expect the both to crash at the same time.

It’s been several days since the last review so let’s get to it.

The Merv’s Daily Uranium Index closed higher by a whole 0.25 points or 0.14%. There were 19 winners, 25 losers and 6 fast asleep. Cameco was sleeping, Extract was sleeping, Paladin was sleeping Uranium One gained 7.0% and USEC lost 1.5%. The best winner today was NWT Uranium with a gain of 13.9% while the loser of the day was Uracan Resources with a loss of 10.3%. Market Vectors Nuclear Energy ETF gained 0.1%.

The Daily Index had just closed below a two month low but only stayed there for one day. The rebound still needs to prove itself but it’s going in that direction.

A quick check of the Daily long term indicators suggests that nothing has changed over the past week and a half. The Index remains below a negative moving average line and the momentum indicator remains in its negative zone below its negative trigger line. The volume indicator is moving upwards but is still a little bit below its negative sloping trigger line. All in all, the long term rating remains BEARISH.

The Daily Index has been below its intermediate term negative sloping moving average line all week, and is still there. Likewise for the momentum indicator. It remains below its negative trigger line in its negative zone. Although we have had a couple of days of upside action this was not yet enough to reverse the intermediate term indicators. Only the volume indicator has now closed above its trigger line and the trigger has turned upward very slightly. On the intermediate term the rating remains BEARISH for today.

The short term is a lot closer to a reversal of trend but not quite there yet. The Daily Index remains below its negative moving average line although the daily high is starting to break above the average. The momentum indicator remains in its negative zone but has now closed above its trigger line. The trigger is still, however, pointing downward. The daily volume activity is starting to very slowly perk up and today’s volume is comfortably above its 15 day average volume line. However, the short term rating remains BEARISH, at least for another day.

As for the direction of least resistance, I would like to think that would be to the up side but I’ll go with the lateral direction for tomorrow.

There are a few comments for the past day which I will respond to tomorrow.

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