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.

07 December 2010

Merv's Daily Commentary 07 Dec 2010

After The Close, 07 Dec 2010

Merv’s Daily Uranium Index
Market Data

Open: 248.48
High: 251.96
Low: 242.43
Close: 244.96
Volume: 9545

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

Was a little under the weather yesterday and didn’t post. Good thing nothing much was going on, at least as far as the Daily Index was concerned. Today, a very minor day that hasn’t changed anything from the indicator or ratings standpoint BUT is showing the internal topping going on. The momentum indicator continues to top out and the more aggressive Stochastic Oscillator just keeps on plunging and heading towards its neutral 50% level. Over the past 6 days despite a basic upward Index move the Stochastic Oscillator has been in a steady dive. Not a picture of a very strong Index move. I would guess that we see the Index ready to move lower. After all it has had quite a run these past 5 months.

The Merv’s Daily Uranium Index closed lower by all of 0.25 points or 0.10%. There were 17 winners, 27 losers and 6 stocks just sitting around in a daze. Cameco gained 0.3%, Denison gained 4.4%, Extract gained 4.1%, Paladin gained 2.0% and Uranium One gained 4.2%. With all those gainers it’s a wonder that the Index only moved 0.1%, and to the down side. The best winner of the day was Formation Metals with a gain of 10.0% while the loser of the day was Continental Precious Minerals with a loss of 9.0%. Market Vectors Nuclear Energy ETF lost 0.5%.

Despite the warnings coming from the momentum indicators the various indicators and ratings remain unchanged and all still BULLISH.

As for the immediate direction of least resistance, that will be to the lateral for another day. It has been basically working lately.

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