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.

11 May 2010

Merv's Daily Commentary 11 May 2010

After The Close, 11 May 2010

Merv’s Daily Uranium Index
Market Data

Open: 158.12
High: 161.30
Low: 155.41
Close: 158.68
Volume: 4312

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

Still nothing much happening although the Daily Index does look like it’s bottoming out. However, it hasn’t really started moving higher yet. Let’s take it one day at a time.

The Merv’s Daily Uranium Index closed higher by a whole 0.15 points or 0.10%. There were 17 winners, 29 losers and 4 still sleeping. Cameco gained 1.0%, Extract lost 0.9%, Paladin lost 1.4%, Uranium One gained 2.9% and USEC lost 8.8%. The best winner of the day was Rockgate Capital with a gain of 7.1% while the worst loser was Uracan with a loss of 12.5%. Market Vectors Nuclear Energy ETF lost 0.1%.

Again, nothing has yet changed in the indicators to affect the ratings in the short or intermediate term. Both remain rated as BEARISH.

As for the immediate direction of least resistance, that is starting to look more and more like the up side but the move has not really started. A close at or above the 162.50 level should set the stage for more upside. In the mean time I’ll continue with the lateral as the immediate direction for another day.

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