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.

27 May 2010

Merv's Daily Commentary 27 Apr 2010

After The Close, 27 May 2010

Merv’s Daily Uranium Index
Market Data

Open: 154.09
High: 156.88
Low: 151.59
Close: 155.29
Volume: 3096

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

Little by little the Daily Index seems inclined to move higher. Today’s gain still hasn’t changed any ratings but we’re getting pretty close to the short term changing. Maybe tomorrow. Note the positive divergence in the short term momentum indicator.

The Merv’s Daily Uranium Index closed higher by 4.93 points or 3.28%. There were 41 winners, 4 losers and 5 sleepers. Like those figures. Cameco gained 1.3%, Extract gained 3.3%, Fronteer gained 5.2%, Paladin gained 4.9% and Uranium One gained 1.9%. The best winner of the day was UEX Corp. with a gain of 12.5% while the loser of the day was Xemplar Energy with a loss of 5.1%. Market Vectors Nuclear Energy ETF gained 5.1%.

On the intermediate term nothing yet has changed that affects the rating. The Daily Index is still some distance below its negative sloping moving average line. The momentum indicator remains in its negative zone but has moved above its now positive trigger line. The volume indicator, although on its way upward, is still below its negative sloping trigger line. The intermediate term rating still remains BEARISH at this time.

On the short term there has been a slight upgrade now that I look at the indicators a little better. The Daily Index closed above its moving average line although the line is still sloping slightly downward. The momentum indicator remains in its negative zone but has moved above its positive trigger line. The daily volume activity was somewhat a disappointment today as it was significantly lower than in previous days and this on an up day. For today the short term rating has moved into the + NEUTRAL level.

As for the immediate direction of least resistance, I’ll stick to the lateral although maybe I should go positive as all of the very short term indicators are pointing in that direction.

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