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.

13 May 2010

Merv's Daily Commentary 13 May 2010

After The Close, 13 May 2010

Merv’s Daily Uranium Index
Market Data

Open: 159.86
High: 164.04
Low: 158.86
Close: 162.61
Volume: 2964

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

Well, the three day rally has come to an end with a slight down day in the Daily Index. So far it does not affect much. We’ll just have to see what comes next.

The Merv’s Daily Uranium Index closed lower by 0.68 points or 0.42%. There were 13 winners, 29 losers and 8 sleepers. Cameco gained 1.1%, Extract gained 3.5%, Paladin lost 0.3%, Uranium One lost 5.3%, USEC lost 1.1%. The best winner of the day was UEX Corp with a gain of 4.2% while the worst loser was Pele Mountain with a loss of 7.2%. Market Vectors Nuclear Energy ETF lost 0.7%.

Nothing has changed in the indicators from yesterday so I’ll go the lazy route again and say that the intermediate term rating remains BEARISH while the short term rating remains + NEUTRAL.

With today’s halt in the rally I’ll go back to my usual lateral direction as the immediate direction of least resistance.

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