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 March 2011

Merv's Daily Commentary 07 Mar 2011

After The Close, 7 Mar 2011

Merv’s Daily Uranium Index
Market Data

Open: 264.85
High: 266.69
Low: 253.02
Close: 257.58
Volume: 7204

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

With the momentum indicator continually getting weaker and weaker it was only a matter of time when the Index would take a dive. That’s what it looks like today. Despite the sharp decline in the Index, the momentum indicator remains in its positive zone, but for how long?

The long term remains BULLISH so no need to expand today.

The intermediate term is changing and not for the better. The Daily Index dropped below the moving average line and the line has turned very, very slightly to the negative slope. The momentum indicator, although still slightly in its positive zone, is moving downward fast and remains below its negative trigger line. The volume indicator continues to move lower below its negative trigger line. From Friday’s bullish rating the intermediate term is now gone the other way and is now fully BEARISH. Although the short term moving average line has not yet confirmed the bear that shouldn’t take long, maybe another day or so.

The short term was bearish on Friday and with today’s action it just got more BEARISH. The very short term moving average line confirms this bear.

As for the immediate direction of least resistance, one must go with the down side after today’s weakness.

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