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.

17 August 2010

Merv's Daily Commentary 17 Aug 2010

After The Close, 17 Aug 2010

Merv’s Daily Uranium Index
Market Data

Open: 158.21
High: 161.21
Low: 155.94
Close: 158.80
Volume: 2586

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

Monday was a dud so I took a day off. Today was okay but not a barn warmer. The Daily Index is still basically staying within the confines of that up trending channel but needs to get some steam to stay out of the lower support line. The day’s activity was neutral once the Index opened. All the up and down action after that went no were.

The Merv’s Daily Uranium Index closed higher by 2.64 points or 1.69% (almost all on the open). There were 28 winners, 9 losers and a whole lot of sleepers (13). Cameco gained 2.2%, Extract was one of the sleepers as it seems to be often, Fronteer gained 1.2%, Paladin gained 2.7% and Uranium One gained 3.5%. The best winner of the day was Rockgate Capital with a gain of 11.8% while the loser of the day was JNR Resources with a loss of 7.3%. Market Vectors Nuclear Energy ETF gained 2.2%.

On the intermediate term the Daily Index remains above its positive moving average line. The momentum indicator, which had been in its negative zone for a few days is now in its positive zone above its trigger line. The trigger, however, is still pointing downward. The volume indicator continues on its lateral path but is bouncing off its positive sloping trigger line. The intermediate term rating is back to a BULLISH rating with the short term moving average line continuing to confirm by staying above the intermediate term line.

On the short term the Daily Index closed just slightly above its moving average line and did cause the line to very, very slightly turn upwards. The short term momentum indicator remains in its positive zone and has just closed above its trigger line. The trigger remains slightly negative for now. The daily volume action is still nothing to talk about. For the short term the rating is BULLISH although not yet confirmed by the very short term moving average line.

As for the immediate direction of least resistance, I think I’ll go with the up side. Both the Daily Index and the Stochastic Oscillator are heading in that direction.

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