In the Canadian markets, Scorpio Mining Corp (TSX: SPM) gained 14% Wednesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.3. NexGen Energy Ltd (TSXV: NXE), Ryan Gold Corp (TSXV: RYG), Sierra Wireless Inc (TSX: SW), and AuRico Gold Inc (TSX: AUQ) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in POET Technologies Inc (TSXV: PTK), Happy Creek Minerals Ltd (TSXV: HPY), Nulegacy Gold Corp (TSXV: NUG), CIBT Education Group Inc (TSX: MBA), and Element Financial Corp (TSX: EFN).
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Scorpio Mining Corp (TSX: SPM) – Technical Chart |
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In the U.S. markets, Air Transport Services Group Inc (NASDAQ: ATSG), Pegasystems Inc (NASDAQ: PEGA), Alpha PRO Tech Ltd (NYSE: APT), Elite Pharmaceuticals Inc (OTC BB: ELTP), and Itron Inc (NASDAQ: ITRI) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Globus Medical Inc (NYSE: GMED), El Capitan Precious Metals Inc (OTC BB: ECPN), RealD Inc (NYSE: RLD), Crestwood Equity Partners LP (NYSE: CEQP), and Oasis Petroleum Inc (NYSE: OAS) witnessed price declines and fell below their 200 DMAs Wednesday.
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Breakouts – Canada |
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DMA |
Bullish |
Bearish |
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Company |
One-day change (%) |
Close |
DMA |
Company |
One-day change (%) |
Close |
DMA |
|
|
30 DMA |
Scorpio Mining Corp |
13.8% |
0.33 |
0.32 |
Nesscap Energy Inc |
-17.2% |
0.12 |
0.12 |
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Canexus Corp |
10.7% |
5.17 |
4.71 |
Arctic Star Exploration Corp |
-16.7% |
0.13 |
0.15 |
|
|
NeuLion Inc |
9.3% |
1.18 |
1.15 |
US Silver & Gold Inc |
-14.0% |
0.49 |
0.56 |
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Mawson West Ltd |
8.6% |
0.38 |
0.37 |
Canaccord Genuity Group Inc |
-8.9% |
11.36 |
12.41 |
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Kaminak Gold Corp |
7.6% |
0.99 |
0.92 |
Garibaldi Resources Corp |
-8.6% |
0.27 |
0.28 |
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|
50 DMA |
Scorpio Mining Corp |
13.8% |
0.33 |
0.32 |
Nesscap Energy Inc |
-17.2% |
0.12 |
0.12 |
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Canexus Corp |
10.7% |
5.17 |
4.80 |
Arctic Star Exploration Corp |
-16.7% |
0.13 |
0.13 |
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NexGen Energy Ltd |
9.7% |
0.34 |
0.31 |
US Silver & Gold Inc |
-14.0% |
0.49 |
0.52 |
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NeuLion Inc |
9.3% |
1.18 |
1.10 |
Canaccord Genuity Group Inc |
-8.9% |
11.36 |
12.13 |
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Ryan Gold Corp |
8.0% |
0.14 |
0.13 |
Nulegacy Gold Corp |
-7.7% |
0.12 |
0.13 |
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|
200 DMA |
Scorpio Mining Corp |
13.8% |
0.33 |
0.30 |
POET Technologies Inc |
-17.8% |
1.06 |
1.17 |
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NexGen Energy Ltd |
9.7% |
0.34 |
0.33 |
Happy Creek Minerals Ltd |
-16.7% |
0.13 |
0.15 |
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Ryan Gold Corp |
8.0% |
0.14 |
0.13 |
Nulegacy Gold Corp |
-7.7% |
0.12 |
0.13 |
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Sierra Wireless Inc |
7.4% |
23.78 |
22.17 |
CIBT Education Group Inc |
-6.3% |
0.30 |
0.31 |
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AuRico Gold Inc |
6.3% |
4.70 |
4.56 |
Element Financial Corp |
-1.8% |
13.57 |
13.82 |
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Breakouts – U.S. |
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DMA |
Bullish |
Bearish |
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Company |
One-day change (%) |
Close |
DMA |
Company |
One-day change (%) |
Close |
DMA |
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|
30 DMA |
Mind CTI Ltd |
19.7% |
2.86 |
2.42 |
El Capitan Precious Metals Inc |
-14.6% |
0.18 |
0.19 |
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Corcept Therapeutics Inc |
17.6% |
2.74 |
2.54 |
American Public Education Inc |
-13.7% |
29.71 |
34.33 |
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ARC Document Solutions Inc |
17.1% |
6.56 |
5.78 |
Groupon Inc |
-12.7% |
6.17 |
6.46 |
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Enphase Energy Inc |
14.0% |
11.06 |
9.82 |
Rosetta Stone Inc |
-8.4% |
9.14 |
9.57 |
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Air Transport Services Group Inc |
13.3% |
8.52 |
8.15 |
Atlas Financial Holdings Inc |
-8.2% |
13.68 |
14.59 |
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|
50 DMA |
Corcept Therapeutics Inc |
17.6% |
2.74 |
2.48 |
El Capitan Precious Metals Inc |
-14.6% |
0.18 |
0.18 |
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ARC Document Solutions Inc |
17.1% |
6.56 |
5.92 |
Lionbridge Technologies Inc |
-14.0% |
5.02 |
5.81 |
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Air Transport Services Group Inc |
13.3% |
8.52 |
8.41 |
Saleen Automotive Inc |
-13.7% |
0.12 |
0.13 |
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Carriage Services Inc |
11.6% |
17.88 |
17.00 |
Groupon Inc |
-12.7% |
6.17 |
6.31 |
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Fresh Healthy Vending International Inc (OTC BB: VEND) |
11.2% |
1.98 |
1.92 |
Rosetta Stone Inc |
-8.4% |
9.14 |
9.61 |
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|
200 DMA |
Air Transport Services Group Inc |
13.3% |
8.52 |
7.72 |
Globus Medical Inc |
-18.0% |
18.51 |
22.54 |
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Pegasystems Inc |
10.0% |
22.92 |
21.09 |
El Capitan Precious Metals Inc |
-14.6% |
0.18 |
0.20 |
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Alpha PRO Tech Ltd |
8.9% |
2.25 |
2.09 |
RealD Inc |
-11.0% |
9.25 |
10.12 |
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Elite Pharmaceuticals Inc |
8.4% |
0.34 |
0.32 |
Crestwood Equity Partners LP |
-9.5% |
13.00 |
14.02 |
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Itron Inc |
8.2% |
39.38 |
39.15 |
Oasis Petroleum Inc |
-8.4% |
47.18 |
47.50 |
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