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.

25 January 2011

Merv's Daily Commentary 25 Jan 2011

After The Close, 25 Jan 2011

Merv’s Daily Uranium Index
Market Data

Open: 251.06
High: 253.96
Low: 244.14
Close: 248.84
Volume: 7382

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

Another down day in the uranium sector but near the end of the day we had a little bounce so maybe we are in for some upside move over the next day or two. Nothing much has changed since the week-end analysis except that the short term has just gotten a little more bearish with the momentum indicator now moving into its negative zone and the very short term moving average line moving below the short term line. The short and intermediate term ratings remain unchanged from the week-end, BULLISH for the intermediate term and BEARISH for the short term.

As for the immediate direction of least resistance, I’m going with the lateral although there is some indication that the Index wants to go for a bounce from here. We’ll see.

1 comment:

tturaniuminvest said...

Good News for fellow Uranium Bulls
January 26, 2011–The spot uranium price continued its upward climb this week increasing $3.50 to US$70.00 P/Lb U3O8, the highest level reported since April 2008.

Merv & followers 2011 is looking good :)