Technical Breakouts to Watch for March 12, 2014 (TSX: SSL) (NASDAQ: ATNY)

Published:

In the Canadian markets, Sandstorm Gold Ltd (TSX: SSL) gained 7% Tuesday, piercing the long term 200 DMA (Daily Moving Average) of C$5.84. Mundoro Capital Inc (TSXV: MUN), Calvalley Petroleums Inc (TSX: CVI/A), Trez Capital Mortgage Investment Corp (TSX: TZZ), and Boardwalk Real Estate Investment Trust (TSX: BEI-U) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in MGM Energy Corp (TSX: MGX), Cardero Resource Corp (TSX: CDU), Kivalliq Energy Corp (TSXV: KIV), Turquoise Hill Resources Ltd (TSX: TRQ), and Petrobank Energy & Resources Ltd (TSX: PBG).

Sandstorm Gold Ltd (TSX: SSL) – Technical Chart

Sandstorm Gold Ltd (TSX: SSL)

In the U.S. markets, API Technologies Corp (NASDAQ: ATNY), Orthofix International NV (NASDAQ: OFIX), Hospitality Properties Trust (NYSE: HPT), Fusion-io Inc (NYSE: FIO), and Boingo Wireless Inc (NASDAQ: WIFI) witnessed strong price gains and breakouts above their 200 DMAs Tuesday. Inuvo Inc (NYSE: INUV), Tesco Corp (NASDAQ: TESO), Resolute Energy Corp (NYSE: REN), Ruckus Wireless Inc (NYSE: RKUS), and American Eagle Energy Corp (NYSE: AMZG) witnessed price declines and fell below their 200 DMAs Tuesday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Clean Seed Capital Group Ltd
(TSXV: CSX)

14.5%

0.63

0.62

MGM Energy Corp
(TSX: MGX)

-20.0%

0.16

0.19

Sandspring Resources Ltd
(TSXV: SSP)

11.3%

0.35

0.32

True North Gems Inc
(TSXV: TGX)

-17.9%

0.115

0.13

Tethys Petroleum Ltd
(TSX: TPL)

8.9%

0.61

0.60

Nulegacy Gold Corp
(TSXV: NUG)

-12.5%

0.14

0.15

Sandstorm Gold Ltd
(TSX: SSL)

6.6%

6.12

5.94

Kivalliq Energy Corp
(TSXV: KIV)

-9.8%

0.23

0.24

Critical Elements Corp
(TSXV: CRE)

5.4%

0.20

0.19

Largo Resources Ltd
(TSXV: LGO)

-7.1%

0.26

0.28

50 DMA

Clean Seed Capital Group Ltd
(TSXV: CSX)

14.5%

0.63

0.55

MGM Energy Corp
(TSX: MGX)

-20.0%

0.16

0.18

Tethys Petroleum Ltd
(TSX: TPL)

8.9%

0.61

0.58

True North Gems Inc
(TSXV: TGX)

-17.9%

0.115

0.12

Connacher Oil and Gas Ltd
(TSX: CLL)

5.0%

0.21

0.20

Kivalliq Energy Corp
(TSXV: KIV)

-9.8%

0.23

0.23

Western Forest Products Inc
(TSX: WEF)

4.8%

2.40

2.34

Theralase Technologies Inc
(TSXV: TLT)

-7.3%

0.445

0.45

Macusani Yellowcake Inc
(TSXV: YEL)

4.3%

0.12

0.12

Largo Resources Ltd
(TSXV: LGO)

-7.1%

0.26

0.26

200 DMA

Sandstorm Gold Ltd
(TSX: SSL)

6.6%

6.12

5.84

MGM Energy Corp
(TSX: MGX)

-20.0%

0.16

0.19

Mundoro Capital Inc
(TSXV: MUN)

5.5%

0.29

0.28

Cardero Resource Corp
(TSX: CDU)

-12.5%

0.14

0.15

Calvalley Petroleums Inc
(TSX: CVI/A)

1.2%

1.64

1.63

Kivalliq Energy Corp
(TSXV: KIV)

-9.8%

0.23

0.24

Trez Capital Mortgage Investment Corp
(TSX: TZZ)

0.8%

8.96

8.93

Turquoise Hill Resources Ltd
(TSX: TRQ)

-8.9%

3.99

3.99

Boardwalk Real Estate Investment Trust
(TSX: BEI-U)

0.5%

58.60

58.58

Petrobank Energy & Resources Ltd
(TSX: PBG)

-7.1%

0.395

0.42

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Elite Pharmaceuticals Inc
(OTC BB: ELTP)

28.0%

0.60

0.47

Fuel Tech Inc
(NASDAQ: FTEK)

-17.0%

5.7

6.35

OXiGENE Inc
(NASDAQ: OXGN)

17.5%

2.42

2.28

Inuvo Inc
(NYSE: INUV)

-16.8%

1.04

1.23

Zogenix Inc
(NASDAQ: ZGNX)

11.8%

4.54

4.45

Nuverra Environmental Solutions Inc
(NYSE: NES)

-15.2%

15.25

15.70

MagneGas Corp
(NASDAQ: MNGA)

11.2%

0.87

0.80

Great East Energy Inc
(OTC BB: GASE)

-11.5%

0.54

0.60

API Technologies Corp
(NASDAQ: ATNY)

10.2%

3.13

3.00

iBio Inc
(NYSE: IBIO)

-9.7%

0.5236

0.55

50 DMA

Zogenix Inc
(NASDAQ: ZGNX)

11.8%

4.54

4.26

Fuel Tech Inc
(NASDAQ: FTEK)

-17.0%

5.7

6.82

MagneGas Corp
(NASDAQ: MNGA)

11.2%

0.87

0.84

Nuverra Environmental Solutions Inc
(NYSE: NES)

-15.2%

15.25

15.50

Metabolix Inc
(NASDAQ: MBLX)

7.5%

1.44

1.36

Great East Energy Inc
(OTC BB: GASE)

-11.5%

0.54

0.57

NMI Holdings Inc
(NASDAQ: NMIH)

5.4%

11.96

11.94

KiOR Inc
(NASDAQ: KIOR)

-9.0%

1.31

1.38

Repligen Corp
(NASDAQ: RGEN)

5.0%

14.92

14.28

Resolute Energy Corp
(NYSE: REN)

-9.0%

8.12

8.67

200 DMA

API Technologies Corp
(NASDAQ: ATNY)

10.2%

3.13

3.02

Inuvo Inc
(NYSE: INUV)

-16.8%

1.04

1.21

Orthofix International NV
(NASDAQ: OFIX)

3.1%

23.80

23.11

Tesco Corp
(NASDAQ: TESO)

-9.5%

16.59

16.87

Hospitality Properties Trust
(NYSE: HPT)

2.1%

27.88

27.48

Resolute Energy Corp
(NYSE: REN)

-9.0%

8.12

8.64

Fusion-io Inc
(NYSE: FIO)

1.9%

11.86

11.84

Ruckus Wireless Inc
(NYSE: RKUS)

-8.0%

13.77

14.16

Boingo Wireless Inc
(NASDAQ: WIFI)

1.8%

6.69

6.64

American Eagle Energy Corp
(NYSE: AMZG)

-7.9%

1.86

2.01

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