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.

27 September 2010

Merv's Daily Commentary 27 Sept 2010

After The Close, 27 Sept 2010

Merv’s Daily Uranium Index
Market Data

Open: 172.10
High: 175.94
Low: 169.67
Close: 173.42
Volume: 5065

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

Another good day at the markets. The Daily Index is pushing higher into new recovery high territory with the momentum indicator confirming the move. The volume indicator is a little behind but should catch up if the trend continues.

The Merv’s Daily Uranium Index closed higher by 2.14 points or 1.25%. There were 29 winners, 18 losers and only 3 stocks totally confused. Cameco lost 0.1%, Extract was totally confused, Fronteer lost 0.6%, Paladin gained 0.8% and Uranium One gained 3.4%. The best winner of the day was Forum Uranium with a gain of 25.0% (that’s $0.02 in real money). The worst loser of the day was Uracan Resources with a loss of 11.1%. Market Vectors Nuclear Energy ETF gained 0.4%.

Everything is moving in a positive direction. The only concern now is the fact that the short term momentum has entered its overbought zone and could turn around any day for a reversal warning. The more aggressive Stochastic Oscillator is not yet in its overbought zone so there is a difference of opinion here. This possibly suggests that there is still a day or more of upside action before we have to worry about a reversal but I’ll keep watching every day.

Anyway, with everything moving higher from an already positive position both the short and intermediate term ratings remain BULLISH.

The immediate direction of least resistance will stay on the up side for another day.

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