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.

06 October 2010

Merv's Daily Commentary 06 Oct 2010

After The Close, 06 Oct 2010

Merv’s Daily Uranium Index
Market Data

Open: 175.62
High: 178.07
Low: 172.49
Close: 174.99
Volume: 4612

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

Another day and not much is yet happening. A small advance but with the closing price being lower than the opening price suggesting some weakness during the day. The Index seems to be once more trapping itself in a lateral drift. Maybe it’s not sure where it should go. Uranium losses $1.50 one week and then gains it back the next. That should confuse things.

The Merv’s Daily Uranium Index closed higher by 0.44 points or 0.25%. There were 21 winners, 23 losers and 6 just looking. Cameco gained 0.2%, Extract gained 0.7%, Fronteer lost 1.9%, Paladin gained 2.5% and Uranium One gained 5.4%. The best daily winner was Global Uranium Fund with a gain of 8.2% while the loser of the day was Ucore Uranium with a loss of 9.0%. Market Vectors Nuclear Energy ETF gained 1.1%.

As mentioned, nothing much changed today and all time period ratings remain BULLISH. As for immediate direction of least resistance, that should be to the down side with the Stochastic Oscillator moving lower as the Index moves higher but I’ll go with the lateral direction for tomorrow.

1 comment:

Anonymous said...

Ha....Merv almost hard NOT to comment on the index as we stay up against some pretty stong resistace eh?

Sure like it when you display the SO with some of your daily updates as I find it very helpful in determining where we really are.

I do find it pretty interesting that the SO is continuing to head lower while the index has continued to trend up.

Is that indicating underperformance/weakness realative to broader markets?

Thanks as always Merv,