Technical Breakouts to Watch for January 16, 2014 (TSX: UWE) (NASDAQ: DTLK)

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In the Canadian markets, U308 Corp (TSX: UWE) gained 25% Wednesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.13. Golden Queen Mining Co Ltd (TSX: GQM), Royal Nickel Corp (TSX: RNX), Trimel Pharmaceuticals Corp (TSX: TRL), and Dalradian Resources Inc (TSX: DNA) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Pilot Gold Inc (TSX: PLG), Cathedral Energy Services Ltd (TSX: CET), Sprott Inc (TSX: SII), Northern Property Real Estate Investment Trust (TSX: NPR-U), and Calfrac Well Services Ltd (TSX: CFW).

U308 Corp (TSX: UWE) – Technical Chart

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In the U.S. markets, Datalink Corp (NASDAQ: DTLK), Eagle Bulk Shipping Inc (NASDAQ: EGLE), Genco Shipping & Trading Ltd (NYSE: GNK), Tengasco Inc (NYSE: TGC), and Echo Therapeutics Inc (NASDAQ: ECTE) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Cardica Inc (NASDAQ: CRDC), Kosmos Energy Ltd (NYSE: KOS), FluoroPharma Medical Inc (OTC BB: FPMI), Tesoro Corp (NYSE: TSO), and Rentech Inc (NASDAQ: RTK) witnessed price declines and fell below their 200 DMAs Wednesday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Quest Rare Minerals Ltd
(TSX: QRM)

14.3%

0.52

0.48

Hyperion Exploration Corp
(TSXV: HYX)

-16.1%

0.13

0.15

Freegold Ventures Ltd
(TSX: FVL)

11.4%

0.25

0.24

TSO3 Inc
(TSX: TOS)

-12.3%

0.64

0.71

Lorus Therapeutics Inc
(TSX: LOR)

10.9%

0.61

0.56

QSolar Ltd
(CNSX: QSL)

-10.7%

0.67

0.69

Augusta Resource Corp
(TSX: AZC)

9.9%

1.55

1.49

Theratechnologies Inc
(TSX: TH)

-9.0%

0.405

0.42

True North Gems Inc
(TSXV: TGX)

9.5%

0.12

0.11

Wanted Technologies Corp
(TSXV: WAN)

-8.5%

1.3

1.35

50 DMA

PRD Energy Inc
(TSXV: PRD)

19.0%

1.19

1.09

TSO3 Inc
(TSX: TOS)

-12.3%

0.64

0.69

Quest Rare Minerals Ltd
(TSX: QRM)

14.3%

0.52

0.51

QSolar Ltd
(CNSX: QSL)

-10.7%

0.67

0.73

Lorus Therapeutics Inc
(TSX: LOR)

10.9%

0.61

0.59

MBAC Fertilizer Corp
(TSX: MBC)

-6.9%

1.48

1.54

Acasti Pharma Inc
(TSXV: APO)

9.8%

1.57

1.50

Anderson Energy Ltd
(TSX: AXL)

-6.9%

0.135

0.14

True North Gems Inc
(TSXV: TGX)

9.5%

0.12

0.11

Sirona Biochem Corp
(TSXV: SBM)

-3.3%

0.145

0.15

200 DMA

U308 Corp
(TSX: UWE)

25.0%

0.15

0.13

Pilot Gold Inc
(TSX: PLG)

-4.7%

1.02

1.04

Golden Queen Mining Co Ltd
(TSX: GQM)

20.4%

1.24

1.16

Cathedral Energy Services Ltd
(TSX: CET)

-3.6%

4.64

4.79

Royal Nickel Corp
(TSX: RNX)

18.8%

0.38

0.35

Sprott Inc
(TSX: SII)

-1.4%

2.77

2.79

Trimel Pharmaceuticals Corp
(TSX: TRL)

15.7%

0.81

0.72

Northern Property Real Estate Investment Trust (TSX: NPR-U)

-0.7%

28.25

28.41

Dalradian Resources Inc
(TSX: DNA)

7.7%

0.70

0.68

Calfrac Well Services Ltd
(TSX: CFW)

-0.6%

30.5

30.65

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

NewLead Holdings Ltd
(NASDAQ: NEWL)

25.0%

1.55

1.51

QIWI plc
(NASDAQ: QIWI)

-16.6%

45.02

52.03

Eagle Bulk Shipping Inc
(NASDAQ: EGLE)

19.8%

4.41

3.76

Pain Therapeutics Inc
(NASDAQ: PTIE)

-14.3%

4.39

4.55

Armada Oil Inc
(OTC BB: AOIL)

14.9%

0.20

0.19

ExOne Co/The
(NASDAQ: XONE)

-8.7%

56.85

58.89

Genco Shipping & Trading Ltd
(NYSE: GNK)

13.9%

2.62

2.32

Kosmos Energy Ltd
(NYSE: KOS)

-8.0%

10.22

11.03

Mitel Networks Corp
(NASDAQ: MITL)

10.5%

10.03

9.39

Forum Energy Technologies Inc
(NYSE: FET)

-5.6%

26.72

27.39

50 DMA

Eagle Bulk Shipping Inc
(NASDAQ: EGLE)

19.8%

4.41

3.83

QIWI plc
(NASDAQ: QIWI)

-16.6%

45.02

48.75

Genco Shipping & Trading Ltd
(NYSE: GNK)

13.9%

2.62

2.41

ExOne Co/The
(NASDAQ: XONE)

-8.7%

56.85

58.01

Hooper Holmes Inc
(NYSE: HH)

9.4%

0.58

0.53

Kosmos Energy Ltd
(NYSE: KOS)

-8.0%

10.22

10.82

Lucas Energy Inc
(NYSE: LEI)

7.5%

1.07

1.02

Authentidate Holding Corp
(NASDAQ: ADAT)

-6.8%

1.37

1.40

Sequans Communications SA
(NYSE: SQNS)

6.6%

2.11

2.00

Forum Energy Technologies Inc
(NYSE: FET)

-5.6%

26.72

27.69

200 DMA

Datalink Corp
(NASDAQ: DTLK)

37.6%

14.96

11.61

Cardica Inc
(NASDAQ: CRDC)

-8.3%

1.11

1.19

Eagle Bulk Shipping Inc
(NASDAQ: EGLE)

19.8%

4.41

4.32

Kosmos Energy Ltd
(NYSE: KOS)

-8.0%

10.22

10.68

Genco Shipping & Trading Ltd
(NYSE: GNK)

13.9%

2.62

2.37

FluoroPharma Medical Inc
(OTC BB: FPMI)

-7.1%

0.65

0.67

Tengasco Inc
(NYSE: TGC)

12.2%

0.49

0.48

Tesoro Corp
(NYSE: TSO)

-3.2%

52.74

52.78

Echo Therapeutics Inc
(NASDAQ: ECTE)

11.9%

3.63

3.54

Rentech Inc
(NASDAQ: RTK)

-2.9%

1.98

2.02

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