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.

02 September 2010

Merv's Daily Commentary 02 Sept 2010

After The Close, 02 Sept 2010

Merv’s Daily Uranium Index
Market Data

Open: 160.29
High: 163.24
Low: 158.80
Close: 162.40
Volume: 2599

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

Is this it, is this the move we have all been waiting for. I would just about have a scotch on that except for the daily volume. I know, you do not need increased volume for the stock (or Index) to rise BUT it would be a whole lot more likely that the trend would have longevity if the volume was increasing with the price. We don’t have that yet. Maybe the speculators are waiting for better confirmation of the environment before jumping in. Once through that upper resistance line of the box, that should provide more juice to the move. But all that requires waiting while prices continue to rise. What to do? Jump in before real confirmation of a new bull move (by real I mean in addition to the normal indicators and ratings) or wait?

The Merv’s Daily Uranium Index closed higher by 3.11 points or 1.95%. There were 26 winners, 11 losers and 13 stocks totally confused. Cameco gained 2.1%, Extract gained 10.5%, Fronteer gained 1.2%, Paladin lost 0.5% and Uranium One gained 0.6%. The best winner of the day was Uranium Resources with a gain of 13.3% while the loser of the day was Pele Mountain with a loss of 9.1%. Market Vectors Nuclear Energy ETF gained 0.8%.

With both time periods already BULLISH there is no change today so I’ll once more wait for the week-end for a complete wrap-up. The immediate direction of least resistance has changed to the up side today.

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