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.

01 December 2010

Merv's Daily Commentary 01 Dec 2010

After The Close, 01 Dec 2010

Merv’s Daily Uranium Index
Market Data

Open: 242.91
High: 248.32
Low: 238.89
Close: 243.81
Volume: 14537

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

A good day. Where, Oh where is that lateral move I keep suggesting will come? Oh well, you gets what you pay for. It’s a good thing I have my indicators and ratings to fall back upon and forget my guesses. We still have a potential negative divergence in the short and intermediate term momentum indicators and the Stochastic Oscillator continues to head lower below its negative trigger line and is just about to cross below its overbought line. The Index move continues to move higher with continuing lower strength. At some point it must reverse, BUT WHEN?

The Merv’s Daily Uranium Index closed on the up side with a gain of 4.85 points or 2.03%. There were 31 winners, 15 losers and 4 stocks going against both directions. Cameco gained 2.4%, Denison gained 8.2%, Extract gained 0.1%, Paladin gained 1.7% and Uranium One gained 5.1%. The best winner of the day was Forum Uranium with a gain of 22.6% while the loser of the day was U308 Corp. with a loss of 10.2%. Market Vectors Nuclear Energy ETF gained 3.2%.

With the Daily Index continuing higher the ratings remain unchanged for all three time periods, at a BULLISH rating. I’ll continue with my immediate direction of least resistance as lateral until I get it right. At some point the diminishing momentum of the move will come to an end with a reversal.

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