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 July 2010

Merv's Daily Commentary 20 July 2010

After The Close, 20 Jul 2010

Merv’s Daily Uranium Index
Market Data

Open: 144.98
High: 148.76
Low: 143.71
Close: 147.48
Volume: 3105

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

Other than Khan Resources gaining 89% yesterday there was nothing really affecting the indicators so I decided to take a day off. Nothing much is happening today either but I guess I should produce something anyway.

I didn’t expect this on going short reaction to really go anywhere and now it looks like it is in a turn around mode. I’d be a little more comfortable about a turn around once the Daily Index moves above that down trending resistance line.

The Merv’s Daily Uranium Index closed higher today by 1.20 points or 0.82%. There were 26 winners, 15 losers and 9 sleepers. Cameco gained 0.6%, Extract lost 7.0%, Fronteer gained 2.5%, Paladin gained 0.6% and Uranium One lost 1.0%. The best winner of the day was JNR Resources with a gain of 15.4% while the loser of the day was Khan Resources with a loss of 12.6% (after a gain of 89% yesterday). Market Vectors Nuclear Energy ETF gained 1.9%.

The Daily Index remains below its negative intermediate term moving average line where it has been since Mid April. Another positive Index day and the Index may just finally climb above the moving average line. The momentum indicator remains in its negative zone but also remains above its positive trigger line. The intermediate term rating remains BEARISH but that may start to change tomorrow. The short term moving average line remains below the intermediate term line for confirmation of the bear.

As for the short term, the Daily Index has been toying with the short term moving average line but has remained above the line on a closing basis. The line itself continues to be in a positive slope. The momentum indicator was below its neutral line for a couple of days but is once more in the positive zone. The indicator has also just inched above its trigger line and the trigger has once more turned positive. On the short term we are back into a full BULLISH rating. The very short term moving average line has remained above the short term line throughout this minor decline confirming a bull rating.

As for the immediate direction of least resistance, I’m going to the upside for tomorrow.

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