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.

20 May 2010

Merv's Daily Commentary 20 May 2010

After The Close, 20 May 2010

Merv’s Daily Uranium Index
Market Data

Open: 147.87
High: 149.56
Low: 142.55
Close: 145.65
Volume: 4865

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


Another day on the dark side. It looks more and more like 90 is the target.

The Merv’s Daily Uranium Index closed lower by 5.09 points or 3.38%. There were 5 times the winners today as yesterday, i.e. there were 5 winners today. There were 36 losers and 9 sleepers. Cameco lost 1.5%, Extract was one of the sleepers, Paladin lost 9.5%, Uranium One lost 6.8% and a new stock in the top five is Fronteer Gold with a loss of 1.8%. The best winner was Benton with a gain of 8.7% while the worst loser was Quest with a loss of 12.0%. Market Vectors Nuclear Energy ETF lost 4.2%.

No change on the short or intermediate term so ratings for both periods remains BEARISH.

As for the immediate direction of least resistance, I will stick with the lateral direction. The Stochastic Oscillator is in its oversold zone and seems to be on the verge of turning around so maybe a halt to this nonsense of recent days might be coming to an end, for a while.

1 comment:

Anonymous said...

Thanks Merv. Lets hope for better days. The market action is crushing. Good luck to all!

Rob C.