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.

12 June 2011

Merv's Weekly CCommentary 12 June 2011

Merv’s Weekly Uranium Review

for week ending 10 June 2011

Merv’s Daily Uranium Index

Market Data for Friday 10 Jun 2011

Open: 170.11

High: 171.69

Low: 165.64

Close: 168.36

Volume: 4873

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

Note that additional charts of the Indices were posted earlier and should be viewed during this commentary.

Well, I didn’t expect the Daily Index to drop below its previous plunge low but here it is, at new bear market lows. What gives? Maybe uranium is in for another lengthy slump before the fears of world wide melt-downs is overcome. For now, I guess fear reigns. Too bad that fear overcomes knowledge.

Have just returned from a couple weeks of vacation. That’s a time period when you work harder just trying to look as if you are having a good relaxing time, then it’s worth (but you are not going to admit it). As you have seen there was a decided lack of posting during this time. I’m back so posting should be more on a regular schedule although not necessarily every day. Today will be short as I am still not recovered from all that relaxing. The markets (uranium, that is) have been in a steady slide sine I left on vacation. I’m back so the markets can start to perk up again.

The Merv’s Daily Uranium Index closed on Friday with a loss of 2.89 points or 1.69%. There were 13 winners, 35 losers and only 2 stocks bumming around. Cameco lost 1.5%, Denison lost 3.3%, Extract lost 0.8%, Paladin lost 2.1% and Uranium One lost 3.1%. The best daily winner was Forum Uranium with a gain of 9.1% while the loser of the day was Rockgate Capital with a loss of 7.5%. Market Vectors Uranium + Nuclear Energy ETF lost 1.4% while Global X Uranium ETF lost 2.2%.

For the full week the Merv’s Weekly Uranium Index lost 500.47 points or 8.23% (the Daily Index lost 6.98% on the week). There were 6 weekly winners, 42 losers and 2 stocks bumming around. Cameco lost 7.5%, Denison lost 13.7%, Extract lost 3.2%, Paladin lost 11.2% and Uranium One lost 18.3%. The best weekly winner was Powertech Uranium with a gain of 5.7% while the loser of the week was Xemplar Energy with a loss of 22.2%. Market Vectors Uranium + Nuclear Energy ETF lost 4.3% while Global X Uranium ETF lost 8.8%.

Without going into any great details it is obvious that all three time periods remain in a negative mode. All three ratings are BEARISH and both the intermediate and short term ratings are confirmed by the next level moving averages.

One interesting point to ponder upon are the momentum indicators. The long term indicator is moving into new bear market lows along with the Index. The intermediate term indicator is moving lower but has not quite entered new lows while the short term indicator is still some distance from new lows. What this means, if anything, I’m not sure. Along the same lines, the Stochastic Oscillator is in a turn around mode. It is still in its oversold zone but has already moved above its trigger line and could cross above its oversold line any day for a rally signal. I’ll just have to watch what action follows and once I know I can then say “I knew it all along”.

Back to normal next (or is it this) week.


gaw said...

aaahhh well it's Summer, no worries.

Might as well enjoy the season, before it's over.

Anonymous said...

Maybe its global warming.