Technical Breakouts to Watch for June 12, 2014 (TSXV: DSM) (NASDAQ: CNAT)

Published:

In the Canadian markets, Dacha Strategic Metals Inc. (TSXV: DSM) gained 38% Wednesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.13. Kaminak Gold Corp (TSXV: KAM), Kirkland Lake Gold Inc (TSX: KGI), NexGen Energy Ltd (TSXV: NXE), and Strategic Metals Ltd (TSXV: SMD) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Reitmans Canada Ltd (TSX: RET/A), Probe Mines Ltd (TSXV: PRB), Stonegate Agricom Ltd (TSX: ST), ADF Group Inc (TSX: DRX), and Happy Creek Minerals Ltd (TSXV: HPY).

Dacha Strategic Metals Inc. (TSXV: DSM) – Technical Chart

Dacha Strategic Metals Inc (TSXV: DSM)

In the U.S. markets, Conatus Pharmaceuticals Inc (NASDAQ: CNAT), Mexco Energy Corp (NYSE: MXC), AirMedia Group Inc (NASDAQ: AMCN), Boyd Gaming Corp (NYSE: BYD), and TherapeuticsMD Inc (NYSE: TXMD) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Orexigen Therapeutics Inc (NASDAQ: OREX), LiveDeal Inc (NASDAQ: LIVE), Trex Co Inc (NYSE: TREX), EnteroMedics Inc (NASDAQ: ETRM), and Titan Machinery Inc (NASDAQ: TITN) 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

Dacha Strategic Metals Inc
(TSXV: DSM)

37.5%

0.17

0.12

Reitmans Canada Ltd
(TSX: RET/A)

-11.4%

6.07

6.56

Kaminak Gold Corp
(TSXV: KAM)

29.2%

0.93

0.73

Probe Mines Ltd
(TSXV: PRB)

-10.6%

2.45

2.55

Talon Metals Corp
(TSX: TLO)

18.9%

0.22

0.20

Cordoba Minerals Corp
(TSXV: CDB)

-8.9%

0.72

0.79

Levon Resources Ltd
(TSX: LVN)

17.8%

0.27

0.23

Sirona Biochem Corp
(TSXV: SBM)

-8.7%

0.105

0.11

Formation Metals Inc
(TSX: FCO)

15.8%

0.22

0.20

Largo Resources Ltd
(TSXV: LGO)

-5.4%

0.265

0.27

50 DMA

Dacha Strategic Metals Inc
(TSXV: DSM)

37.5%

0.17

0.13

Reitmans Canada Ltd
(TSX: RET/A)

-11.4%

6.07

6.46

Kaminak Gold Corp
(TSXV: KAM)

29.2%

0.93

0.76

Regulus Resources Inc
(TSXV: REG)

-10.0%

0.135

0.14

Levon Resources Ltd
(TSX: LVN)

17.8%

0.27

0.24

Sirona Biochem Corp
(TSXV: SBM)

-8.7%

0.105

0.11

Formation Metals Inc
(TSX: FCO)

15.8%

0.22

0.21

Sabina Gold & Silver Corp
(TSX: SBB)

-8.1%

0.68

0.71

Guyana Goldfields Inc
(TSX: GUY)

13.5%

2.27

2.25

Cynapsus Therapeutics Inc
(TSXV: CTH)

-7.9%

0.58

0.61

200 DMA

Dacha Strategic Metals Inc
(TSXV: DSM)

37.5%

0.17

0.13

Reitmans Canada Ltd
(TSX: RET/A)

-11.4%

6.07

6.59

Kaminak Gold Corp
(TSXV: KAM)

29.2%

0.93

0.74

Probe Mines Ltd
(TSXV: PRB)

-10.6%

2.45

2.58

Kirkland Lake Gold Inc
(TSX: KGI)

11.4%

3.41

3.35

Stonegate Agricom Ltd
(TSX: ST)

-9.1%

0.2

0.21

NexGen Energy Ltd
(TSXV: NXE)

11.1%

0.35

0.34

ADF Group Inc
(TSX: DRX)

-4.3%

2.68

2.70

Strategic Metals Ltd
(TSXV: SMD)

7.9%

0.41

0.39

Happy Creek Minerals Ltd
(TSXV: HPY)

-3.3%

0.145

0.15

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

BioFuel Energy Corp
(NASDAQ: BIOF)

30.2%

7.52

6.12

Bancorp Inc/DE
(NASDAQ: TBBK)

-28.8%

11.54

15.47

Celladon Corp
(NASDAQ: CLDN)

16.2%

10.63

9.77

Orexigen Therapeutics Inc
(NASDAQ: OREX)

-14.7%

5.81

5.83

Rich Pharmaceuticals Inc
(OTC BB: RCHA)

15.8%

0.14

0.12

3D Pioneer Systems Inc
(OTC BB: DPSM)

-10.9%

0.45

0.48

Golden Minerals Co
(NYSE: AUMN)

15.2%

0.67

0.61

Medizone International Inc
(OTC BB: MZEI)

-9.4%

0.193

0.21

Biota Pharmaceuticals Inc
(NASDAQ: BOTA)

14.6%

3.07

2.89

Auxilium Pharmaceuticals Inc
(NASDAQ: AUXL)

-7.8%

20.09

21.15

50 DMA

Conatus Pharmaceuticals Inc
(NASDAQ: CNAT)

56.7%

9.48

6.28

Medizone International Inc
(OTC BB: MZEI)

-9.4%

0.193

0.21

BioFuel Energy Corp
(NASDAQ: BIOF)

30.2%

7.52

6.32

United Natural Foods Inc
(NASDAQ: UNFI)

-7.6%

63.31

67.52

Mexco Energy Corp
(NYSE: MXC)

29.1%

9.23

7.17

Mandalay Digital Group Inc
(NASDAQ: MNDL)

-6.4%

3.52

3.62

Oramed Pharmaceuticals Inc
(NASDAQ: ORMP)

18.6%

10.78

10.27

WidePoint Corp
(NYSE: WYY)

-5.3%

1.44

1.46

Celladon Corp
(NASDAQ: CLDN)

16.2%

10.63

10.41

Destination XL Group Inc
(NASDAQ: DXLG)

-5.0%

5.28

5.34

200 DMA

Conatus Pharmaceuticals Inc
(NASDAQ: CNAT)

56.7%

9.48

8.49

Orexigen Therapeutics Inc
(NASDAQ: OREX)

-14.7%

5.81

6.14

Mexco Energy Corp
(NYSE: MXC)

29.1%

9.23

7.28

LiveDeal Inc
(NASDAQ: LIVE)

-7.9%

3.49

3.60

AirMedia Group Inc
(NASDAQ: AMCN)

10.3%

2.25

2.05

Trex Co Inc
(NYSE: TREX)

-6.2%

31.13

32.99

Boyd Gaming Corp
(NYSE: BYD)

6.3%

11.89

11.81

EnteroMedics Inc
(NASDAQ: ETRM)

-5.0%

1.72

1.77

TherapeuticsMD Inc
(NYSE: TXMD)

4.1%

4.78

4.73

Titan Machinery Inc
(NASDAQ: TITN)

-4.4%

16.38

16.77

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