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.

21 December 2010

Merv's Daily Commentary 21 Dec 2010

After The Close, 21 Dec 2010

Merv’s Daily Uranium Index
Market Data

Open: 241.84
High: 245.36
Low: 236.91
Close: 241.64
Volume: 7994

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

Another up day but still in that box. Maybe another day or two and the box resistance will be breached but I wouldn’t want to jump the gun and get too excited until that happens. If it should happen we then want to see the volume on the break to see if the break was due to speculative enthusiasm or speculators on holiday type of action. With speculators on holiday it then takes very little action to move markets, which is not normally a market move with longevity.

The Merv’s Daily Uranium Index closed higher by 3.38 points or 1.38%. There were 31 winners, 11 losers and 8 thinking of Santa. Cameco gained 0.6%, Denison gained 0.9%, Extract gained 0.8%, Paladin gained 1.2% and Uranium One gained 3.0%. The best daily winner was Crosshair with a gain of 24.3% while the daily loser was Pele Mountain with a loss of 5.3%. Market Vectors Nuclear Energy ETF gained 0.1% while the Global X Uranium ETF gained 0.4%.

Nothing new to report as far as the indicators are concerned. For the short and intermediate term the indicators remain positive and the ratings remain BULLISH.


Anonymous said...

Have a very nice holiday Merv, may the new year bring a nice fresh large breakout to all!

BTW...closing numbers on 12/21 look like they should be around 250

Thanks for all your work this past year, you are a dear friend to many of us.


Anonymous said...

Hi Merv:
Merry Christmas to you and I hope you have a very nice holiday. I also wanted to say thanks for your website and the work you are doing. I find it very helpful and insightful.
best wishes

TTuraniuminvest said...

Merry Christmas to you Merv & all your followers.