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.

09 November 2010

Merv's Daily Commentary 09 Nov 2010

After The Close, 09 Nov 2010

Merv’s Daily Uranium Index
Market Data

Open: 228.62
High: 237.59
Low: 217.59
Close: 221.90
Volume: 29558

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

Still trying to take a day off, maybe tomorrow. But still, will only give a brief comment as nothing has YET changed from comments of the past few days. Watch that Index, it is just about to break below that third FAN trend line for a blow-off reversal signal. At the same time the intermediate term momentum indicator may be about to break below its overbought line for a solid warning of weakness. As much as I like the direction the uranium stocks are going I do think that they have traveled too far too fast and a rest is very much in order before proceeding. BUT always go with the flow and don’t fight the tape.

The Merv’s Daily Uranium Index closed slightly lower today, by 2.94 points or 1.31%. There were 13 winners, 35 losers and 2 stocks out of the game. Cameco gained 3.2%, Extract wasn’t in the game today, Fronteer lost 6.4%, Paladin lost 1.9% and Uranium One gained 2.0%. The best winner of the day was RPT Resources with a gain of 12.1% while the loser of the day was First Uranium with a loss of 21.2%. Market Vectors Nuclear Energy ETF lost 0.9%.


Anonymous said...

Great analysis. Thanks, Merv, for all your work on the uraniums. Lets hope the bull keeps stomping.

Anonymous said...

Hi Merv,

Just an FYI: A new Uranium ETF from Global X Funds, trades on the NYSE under ticker URA. Started Nov 5th...

Anonymous said...

No rest for the weary. Anyway you've had two years it seems of going sideways, we get a break out and you want to rest? :)

You know I'm kidding.

Dont know if you saw it yet but UXC shows a $5 up move to 58.50.

That chart looks even more parabolic than the miners, not sure we have even got our leverage on the price move.

Should be interesting tomorrow if we can get a neutral to minus dollar.

At least its interesting again,
Thanks as always,

tturaniuminvest said...

Merv & friends

Here's an overview of the recently listed Uranium ETF Global X Uranium ETF (URA) that began trading Friday November 5, 2010.
(Complete list of 23 holdings)can be found within.

Go the U-Bulls :)

Anonymous said...

Hi Merv,

Just an update on the U308 spot price: UXC has it listed at $58.50, up $5 on Nov 8th.

It's nice to see the price going up and the stocks as well. But it may be going up too fast in a short amount of time.? Maybe it will just consolidate before the next move up?

Merv said...

I have yet to really look into that new ETF, the URA. My suspicion is that it is calculated based upon the stock market value and therefor the top few stocks will have an inordinate effect upon the ETF value as opposed to the bottom 25% to 50% of the stocks. That's why my Weekly Index is calculated based upon the average weekly performance of all stocks in the Index, not just focused on the largest stocks.

As for the uranium spot price, I follow it every week BUT one should not automatically assume that a uranium price move will reflect upon the stocks. Stocks move in ANTICIPATION and may have made their moves long before uranium actually moved. Stock move AFTER the uranium price move may only be a last ditch effect before a reversal of stock prices.