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.

26 October 2010

Merv's Daily Commentary 26 Oct 2010

After The Close, 26 Oct 2010

Merv’s Daily Uranium Index
Market Data

Open: 193.64
High: 198.04
Low: 191.03
Close: 196.52
Volume: 8211

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

The rally continues but the short term momentum indicator is providing us with a warning that the move is weaker than previous moves. The indicator is still below its level from a week and a half ago. However, at 79% it is still quite strong, only not as strong as before. A reaction of some sort may be just around the corner. As for some good news we are not at new recovery highs. The daily high has exceeded the previous high daily high from June of 2009 and the daily close has exceeded its previous close from the same time period. Can this rally continue? I sure hope so despite the warning of a weakening in momentum.

The Merv’s Daily Uranium Index closed higher by 2.36 points or 1.21%. There were 30 winners, 17 losers and 3 stocks just hanging around. Cameco gained 0.6%, Extract lost 2.8%, Fronteer gained 4.4%, Paladin lost 0.2% and Uranium One gained 1.2%. The best winner of the day was Wealth Minerals with a gain of 20.7% while the loser of the day was RPT Resources with a loss of 11.1%. Market Vectors Nuclear Energy ETF gained 0.5%.

Since my last full analysis and ratings nothing has changed in the indicators to cause a concern. The ratings all remain BULLISH for the short, intermediate and long term.

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