BASIC NOTES

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.



30 March 2011

Merv's Daily Commentary 30 Mar 2011


After The Close, 30 Mar 2011

Merv’s Daily Uranium Index

Market Data

Open: 198.57

High: 201.41

Low: 194.70

Close: 198.31

Volume: 9620

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

There is still nothing much in the recent trading that makes one expect that the bear is finished and a bull is about to start again. As far a technician is concerned, a trend in motion remains in motion until reversal has been established. Although we just might be in a lateral trend (with deep vertical price range) a reversal is not yet upon us so we just have to assume the bear continues. However, as noted, we just might be in a trading range between just above 170 to just below 220. It’s quite a deep range so a more reasonable range might come into play as time goes by but that’s about it for now.

The Merv’s Daily Uranium Index closed higher by 1.47 points or 0.75%. There were 31 winners, 14 losers and 5 going nowhere. Cameco gained 0.3%, Denison lost 3.7%, Extract lost 0.6%, Paladin gained 0.8% and Uranium One gained 2.1%. The best daily winner was a tie between Strathmore and Xemplar, each gaining 10.0%. The loser of the day was Rockgate with a loss of 20.9%. Market Vectors Uranium + Nuclear Energy ETF gained 1.8% as did Global X Uranium ETF.

As mentioned, nothing much has happened recently and the ratings for all three time periods remain BEARISH.

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1 comment:

tturaniuminvest said...

Merv & followers

I've just recently submitted the following Video Content to my site :)

Obama Unveils Energy Plan - Full Speech

In a speech Wednesday 30th March 2011 at Georgetown University, President Obama outlined his goals for reducing American energy dependence, heavily emphasizing new technology and alternative sources in addition to "safe and responsible" offshore drilling.


Also I've added some excellent reference Videos of World renowned Dr. Robert Gale to whom spent years working in Chernobyl and is now in Japan to advise the prime minister's office directly on safety


You can view all within http://australianuraniuminvesting.blogspot.com/


I've been a Uranium Bull since 2005, & nothing has changed my stance of the Uranium/Nuclear Sector.

Cheers to all :)

March 30, 2011 at 10:10 PM

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