Top Technical Breakout Stocks: Formation Metals (TSX: FCO) and Hudson Technologies (NASDAQ: HDSN) Break 200-DMA

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In the Canadian markets, Formation Metals Inc (TSX: FCO) breached its long term key technical resistance level of 200-Day DMA (Daily Moving Average) at C$0.18 and gained 23% Friday. Great Prairie Energy Services Inc (TSX: GPE), Anderson Energy Ltd (TSX: AXL), Levon Resources Ltd (TSX: LVN), and Smart Employee Benefits Inc (TSX: SEB) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Latin American Minerals Inc (TSXV: LAT), Capital Power Corp (TSX: CPX), Inovalis Real Estate Investment Trust (TSX: INO-U), SEMAFO Inc (TSX: SMF), and Mountain Province Diamonds Inc (TSX: MPV).

Formation Metals Inc (TSX: FCO)-Technical Chart

Formation Metals Inc (TSX: FCO)

In the U.S. markets, Hudson Technologies Inc (NASDAQ: HDSN), Westmoreland Coal Co (NASDAQ: WLB), AirMedia Group Inc (NASDAQ: AMCN), QLogic Corp (NASDAQ: QLGC), and Dorchester Minerals LP (NASDAQ: DMLP) witnessed strong price gains and breakouts above their 200 DMAs Friday. Corcept Therapeutics Inc (NASDAQ: CORT), G-III Apparel Group Ltd (NASDAQ: GIII), Myriad Genetics Inc (NASDAQ: MYGN), Nektar Therapeutics (NASDAQ: NKTR), and REX American Resources Corp (NYSE: REX) witnessed price declines and fell below their 200 DMAs Friday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Horn Petroleum Corp
(TSX: HRN)

33.3%

0.16

0.16

Western Pacific Resources Corp
(TSX: WRP)

-8.6%

0.16

0.16

Petro-Victory Energy Corp
(TSX: VRY)

19.2%

0.16

0.14

Centerra Gold Inc
(TSX: CG)

-8.2%

5.45

5.56

Rockefeller Hughes Corp
(TSX: RHC)

17.5%

0.47

0.46

Happy Creek Minerals Ltd
(TSX: HPY)

-8.0%

0.115

0.12

Smart Employee Benefits Inc
(TSX: SEB)

13.3%

0.47

0.44

AuRico Gold Inc
(TSX: AUQ)

-7.8%

4.01

4.08

Jaguar Mining Inc
(TSX: JAG)

12.1%

0.65

0.62

B2Gold Corp
(TSX: BTO)

-7.6%

2.31

2.36

50 DMA

Blackbird Energy Inc
(TSX: BBI)

16.7%

0.32

0.31

Centerra Gold Inc
(TSX: CG)

-8.2%

5.45

5.84

Smart Employee Benefits Inc
(TSX: SEB)

13.3%

0.47

0.45

Alacer Gold Corp
(TSX: ASR)

-5.8%

2.13

2.25

Seair Inc
(TSX: SDS)

9.4%

0.18

0.17

Alliance Grain Traders Inc
(TSX: AGT)

-4.8%

26.29

26.56

Integra Gold Corp
(TSX: ICG)

8.7%

0.25

0.24

Torex Gold Resources Inc
(TSX: TXG)

-3.7%

1.57

1.60

Patient Home Monitoring Corp
(TSX: PHM)

6.3%

0.43

0.41

Kirkland Lake Gold Inc
(TSX: KGI)

-3.1%

5.07

5.15

200 DMA

Formation Metals Inc
(TSX: FCO)

23.3%

0.19

0.18

Latin American Minerals Inc
(TSXV: LAT)

-12.5%

0.11

0.11

Great Prairie Energy Services Inc
(TSX: GPE)

23.3%

0.37

0.35

Capital Power Corp
(TSX: CPX)

-5.4%

24.9

25.43

Anderson Energy Ltd
(TSX: AXL)

17.8%

0.27

0.24

Inovalis Real Estate Investment Trust
(TSX: INO-U)

-3.5%

9.25

9.55

Levon Resources Ltd
(TSX: LVN)

16.0%

0.29

0.28

SEMAFO Inc
(TSX: SMF)

-2.8%

4.14

4.22

Smart Employee Benefits Inc
(TSX: SEB)

13.3%

0.47

0.47

Mountain Province Diamonds Inc
(TSX: MPV)

-24.4%

5.2

5.28

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Oxford Resource Partners LP
(NYSE: OXF)

54.0%

0.97

0.82

SandRidge Energy Inc
(NYSE: SD)

-7.4%

4.23

4.43

Hudson Technologies Inc
(NASDAQ: HDSN)

32.5%

4.04

3.22

Antares Pharma Inc
(NASDAQ: ATRS)

-7.4%

2

2.04

Apricus Biosciences Inc
(NASDAQ: APRI)

27.1%

1.64

1.56

Myriad Genetics Inc
(NASDAQ: MYGN)

-7.2%

35.03

37.59

BioFuel Energy Corp
(NASDAQ: BIOF)

23.3%

6.88

6.27

Roundy’s Inc
(NYSE: RNDY)

-7.0%

3.06

3.15

Aemetis Inc
(NASDAQ: AMTX)

10.9%

8.98

8.62

Nektar Therapeutics
(NASDAQ: NKTR)

-6.6%

12.4

12.92

50 DMA

Oxford Resource Partners LP
(NYSE: OXF)

54.0%

0.97

0.89

Swisher Hygiene Inc
(NASDAQ: SWSH)

-8.9%

3.28

3.43

Hudson Technologies Inc
(NASDAQ: HDSN)

32.5%

4.04

3.12

Antares Pharma Inc
(NASDAQ: ATRS)

-7.4%

2

2.07

BioFuel Energy Corp
(NASDAQ: BIOF)

23.3%

6.88

6.66

Myriad Genetics Inc
(NASDAQ: MYGN)

-7.2%

35.03

37.21

Foundation Medicine Inc
(NASDAQ: FMI)

11.3%

22.93

21.80

Nektar Therapeutics
(NASDAQ: NKTR)

-6.6%

12.4

13.23

Aemetis Inc
(NASDAQ: AMTX)

10.9%

8.98

8.87

Ultra Petroleum Corp
(NYSE: UPL)

-5.6%

22.97

24.18

200 DMA

Hudson Technologies Inc
(NASDAQ: HDSN)

32.5%

4.04

3.09

Corcept Therapeutics Inc
(NASDAQ: CORT)

-8.5%

2.92

3.01

Westmoreland Coal Co
(NASDAQ: WLB)

20.6%

36.97

31.89

G-III Apparel Group Ltd
(NASDAQ: GIII)

-8.0%

72.1

76.33

AirMedia Group Inc
(NASDAQ: AMCN)

12.6%

2.32

2.15

Myriad Genetics Inc
(NASDAQ: MYGN)

-7.2%

35.03

35.45

QLogic Corp
(NASDAQ: QLGC)

12.2%

10.71

10.55

Nektar Therapeutics
(NASDAQ: NKTR)

-6.6%

12.4

12.58

Dorchester Minerals LP
(NASDAQ: DMLP)

9.1%

28.80

28.56

REX American Resources Corp
(NYSE: REX)

-6.2%

63.33

67.41

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