Technical Breakouts to Watch for May 22, 2014 (TSX: SUE) (NASDAQ: REDF)

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In the Canadian markets, Sulliden Gold Corp Ltd (TSX: SUE) gained 33% Wednesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.84. Falco Pacific Resource Group I (TSXV: FPC), Pacific Rubiales Energy Corp (TSX: PRE), WesternZagros Resources Ltd (TSXV: WZR), and Donnycreek Energy Inc (TSXV: DCK) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Keek Inc (TSXV: KEK), Rio Alto Mining Ltd (TSX: RIO), Fortune Minerals Ltd (TSX: FT), Capstone Mining Corp (TSX: CS), and Hudson Resources Inc/Canada (TSXV: HUD).

Sulliden Gold Corp Ltd (TSX: SUE) – Technical Chart

Sulliden Gold Corp Ltd (TSX: SUE)

In the U.S. markets, Rediff.Com India Ltd (NASDAQ: REDF), QIWI plc (NASDAQ: QIWI), Sify Technologies Ltd (NASDAQ: SIFY), Align Technology Inc (NASDAQ: ALGN), and JA Solar Holdings Co Ltd (NASDAQ: JASO) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Methes Energies International Ltd (NASDAQ: MEIL), La Jolla Pharmaceutical Co (NASDAQ: LJPC), Identive Group Inc (NASDAQ: INVE), China Mobile Games & Entertainment Group Ltd (NASDAQ: CMGE), and QuickLogic Corp (NASDAQ: QUIK) 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

Pangolin Diamonds Corp
(TSXV: PAN)

54.5%

0.17

0.14

Euromax Resources Ltd
(TSXV: EOX)

-17.6%

0.14

0.14

Sulliden Gold Corp Ltd
(TSX: SUE)

33.3%

1.04

0.79

Tomagold Corp
(TSXV: LOT)

-9.7%

0.14

0.15

Aberdeen International Inc
(TSX: AAB)

21.7%

0.14

0.13

Largo Resources Ltd
(TSXV: LGO)

-8.8%

0.26

0.27

Cortex Business Solutions Inc
(TSXV: CBX)

18.2%

0.13

0.12

Zaio Corp
(TSXV: ZAO)

-8.7%

0.21

0.23

Falco Pacific Resource Group I
(TSXV: FPC)

12.5%

0.50

0.47

RDX Technologies Corp
(TSXV: RDX)

-8.4%

0.38

0.41

50 DMA

Pangolin Diamonds Corp
(TSXV: PAN)

54.5%

0.17

0.16

Euromax Resources Ltd
(TSXV: EOX)

-17.6%

0.14

0.17

Sulliden Gold Corp Ltd
(TSX: SUE)

33.3%

1.04

0.81

Largo Resources Ltd
(TSXV: LGO)

-8.8%

0.26

0.27

Aberdeen International Inc
(TSX: AAB)

21.7%

0.14

0.14

Royal Nickel Corp
(TSX: RNX)

-8.3%

0.55

0.58

Cortex Business Solutions Inc
(TSXV: CBX)

18.2%

0.13

0.11

Theratechnologies Inc
(TSX: TH)

-8.2%

0.45

0.47

CWC Well Services Corp
(TSXV: CWC)

11.0%

1.11

1.03

Focus Ventures Ltd
(TSXV: FCV)

-6.7%

0.28

0.29

200 DMA

Sulliden Gold Corp Ltd
(TSX: SUE)

33.3%

1.04

0.84

Keek Inc
(TSXV: KEK)

-16.0%

0.11

0.12

Falco Pacific Resource Group I
(TSXV: FPC)

12.5%

0.50

0.45

Rio Alto Mining Ltd
(TSX: RIO)

-8.0%

1.96

2.12

Pacific Rubiales Energy Corp
(TSX: PRE)

6.9%

19.65

19.15

Fortune Minerals Ltd
(TSX: FT)

-5.7%

0.33

0.34

WesternZagros Resources Ltd
(TSXV: WZR)

6.4%

1.00

0.96

Capstone Mining Corp
(TSX: CS)

-3.3%

2.65

2.73

Donnycreek Energy Inc
(TSXV: DCK)

6.3%

2.21

2.15

Hudson Resources Inc/Canada
(TSXV: HUD)

-2.9%

0.34

0.34

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Glassesoff Inc
(OTC BB: GLSO)

31.0%

1.65

1.58

Methes Energies International Ltd
(NASDAQ: MEIL)

-27.1%

2.07

2.60

Trina Solar Ltd
(NYSE: TSL)

30.9%

13.56

11.56

eOn Communications Corp
(NASDAQ: EONC)

-17.4%

3.42

3.92

MakeMyTrip Ltd
(NASDAQ: MMYT)

20.0%

25.09

21.79

CareView Communications Inc
(OTC BB: CRVW)

-9.7%

0.65

0.67

Ezcorp Inc
(NASDAQ: EZPW)

19.0%

12.45

10.88

Booz Allen Hamilton Holding Corp
(NYSE: BAH)

-9.2%

22.17

23.18

Sify Technologies Ltd
(NASDAQ: SIFY)

14.7%

2.19

1.96

Adamis Pharmaceuticals Corp
(NASDAQ: ADMP)

-7.9%

5.60

5.85

50 DMA

China Ming Yang Wind Power Group Ltd (NYSE: MY)

36.5%

3.63

2.82

Methes Energies International Ltd
(NASDAQ: MEIL)

-27.1%

2.07

2.66

Trina Solar Ltd
(NYSE: TSL)

30.9%

13.56

12.76

CareView Communications Inc
(OTC BB: CRVW)

-9.7%

0.65

0.68

MakeMyTrip Ltd
(NASDAQ: MMYT)

20.0%

25.09

23.18

Booz Allen Hamilton Holding Corp
(NYSE: BAH)

-9.2%

22.17

22.68

Ezcorp Inc
(NASDAQ: EZPW)

19.0%

12.45

11.14

Adamis Pharmaceuticals Corp
(NASDAQ: ADMP)

-7.9%

5.60

5.98

Sify Technologies Ltd
(NASDAQ: SIFY)

14.7%

2.19

2.00

Dycom Industries Inc
(NYSE: DY)

-7.3%

29.36

31.62

200 DMA

Rediff.Com India Ltd
(NASDAQ: REDF)

23.6%

2.72

2.26

Methes Energies International Ltd
(NASDAQ: MEIL)

-27.1%

2.07

2.78

QIWI plc
(NASDAQ: QIWI)

20.7%

42.12

38.65

La Jolla Pharmaceutical Co
(NASDAQ: LJPC)

-11.3%

7.60

7.98

Sify Technologies Ltd
(NASDAQ: SIFY)

14.7%

2.19

1.98

Identive Group Inc
(NASDAQ: INVE)

-7.4%

0.72

0.78

Align Technology Inc
(NASDAQ: ALGN)

5.3%

52.71

52.36

China Mobile Games & Entertainment Group Ltd
(NASDAQ: CMGE)

-6.5%

19.80

21.11

JA Solar Holdings Co Ltd
(NASDAQ: JASO)

5.2%

9.75

9.75

QuickLogic Corp
(NASDAQ: QUIK)

-4.6%

3.73

3.85

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