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.

01 September 2010

Merv's Daily Commentary 01 Sept 2010

After The Close, 01 Sept 2010

Merv’s Daily Uranium Index
Market Data

Open: 159.45
High: 161.45
Low: 156.97
Close: 159.29
Volume: 3016

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

Well, it’s going to continue above 30 degrees (over 90 for some) for another couple of days so I guess I’d better produce some kind of analysis. The Daily Index once again did not move much although the close was on the up side. The action started well on the up side but petered out and in the end the Index closed lower than where it started even though it closed above yesterday’s price. These closes below the opening price are not days I like to see. They may not be always positive or negative, I just have an aversion to seeing the closing price below its opening price.

The Merv’s Daily Uranium Index closed higher by 1.21 points or 0.77%. There were 24 winners, 17 losers and 9 sleepers. Cameco gained 1.2%, Extract lost 4.0%, Fronteer lost 2.2%, Paladin gained 4.2% and uranium one was a sleeper. The best daily winner was Benton with a gain of 10.5% while the worst daily performer was JNR with a loss of 7.7%. Market Vectors Nuclear Energy ETF gained 3.1%.

The intermediate term is still doing fine. The Daily Index remains above its positive moving average line. The momentum indicator is in its positive zone and above its positive trigger line. The volume indicator is still more in a lateral trend but remains above its positive sloping trigger line. All in all the intermediate term rating remains BULLISH. The short term moving average line is confirming this bull.

As for the short term things here are also quite positive. The Daily Index is now comfortably above its positive moving average line. The momentum indicator is in its positive zone above its positive trigger line. The daily volume action is the one indicator that could stand with a little more activity. All in all the short term rating is BULLISH. This is confirmed by the very short term moving average line which has now moved above the short term line.

As for the immediate direction of least resistance, I am going with the lateral for another day although it does look like the Index wants to move higher. I just need a little more convincing.


Anonymous said...

I think it is 'safer' to invest in Gold/Silver stocks as those actually have value. Uranium is not a precious metal. The world is building more nuclear reactors, but there is no shortage of U308. I'm not sure who is moving these small stocks...?

Merv said...

I like that recommendation to go to gold and silver stocks. One stock I had recommended to my subscribers two weeks ago is now up 140%. Not bad for two weeks work. There are many gold stocks at play. I follow 190 of them each week for subscribers.