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.

23 June 2010

Merv's Daily Commentary 23 June 2010

After The Close, 23 Jun 2010

Merv’s Daily Uranium Index
Market Data

Open: 148.41
High: 150.47
Low: 146.08
Close: 148.88
Volume: 3438

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

Is that it for the down side? It looks like a reversal of activities during the day but as yet I wouldn’t get too enthused about it. It just might be a turn around but it’s very early and waiting for better confirmation is not going to cause much damage.

The Merv’s Daily Uranium Index closed higher by 0.58 points or 0.39% YIPPEE! There were 18 winners, 20 losers and 12 not in the game. Cameco gained 1.2%, Extract was not in the game, Fronteer gained 0.2%, Paladin lost 0.3% and Uranium One gained 7.4%. The best daily winner was Wealth Minerals with a gain of 9.4% while the loser of the day was Forum Uranium with a loss of 17.7%. Market Vectors Nuclear Energy ETF lost 0.0% (in other words it lost but less than 0.0%).

Nothing has changed today from the short or intermediate term. Both time periods remain BEARISH.

As for the immediate direction of least resistance, that might be to the up side now but I’ll stick with the lateral. I think you can say that the Index has been moving in a basic sideways direction for a couple of weeks without really getting anywhere on the up or down side. The Stochastic Oscillator continues to move lower, however, so there still may be a day or two more on the down side.

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