In the Canadian markets, Magellan Minerals Ltd (TSXV: MNM) broke its key long term technical resistance level of 200-Day DMA (Daily Moving Average) at C$0.1 and gained 53% Wednesday. Anfield Resources Inc (TSX: ARY), Donnycreek Energy Inc (TSX: DCK), NuVista Energy Ltd (TSX: NVA), and Bioniche Life Sciences Inc (TSX: BNC) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Precipitate Gold Corp (TSX: PRG), Fortuna Silver Mines Inc (TSX: FVI), Canamex Resources Corp (TSX: CSQ), Stellar Biotechnologies Inc (TSX: KLH), and Anderson Energy Ltd (TSX: AXL).
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Magellan Minerals Ltd (TSXV: MNM)-Technical Chart |
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In the U.S. markets, Corporate Executive Board Co/The (NYSE: CEB), Rogers Corp (NYSE: ROG), Engility Holdings Inc (NYSE: EGL), Ballantyne Strong Inc (NYSE: BTN), and Sapient Corp (NASDAQ: SAPE) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Orbital Sciences Corp (NYSE: ORB), Black Box Corp (NASDAQ: BBOX), Camtek Ltd/Israel (NASDAQ: CAMT), Pizza Inn Holdings Inc (NASDAQ: PZZI), and US Silica Holdings Inc (NYSE: SLCA) 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 |
Verde Potash PLC |
75.7% |
0.65 |
0.54 |
Canam Group Inc |
-14.0% |
9.67 |
10.62 |
|
Magellan Minerals Ltd |
53.3% |
0.12 |
0.09 |
Scorpio Gold Corp |
-8.6% |
0.16 |
0.16 |
|
|
Kootenay Silver Inc |
26.9% |
0.33 |
0.28 |
Banro Corp |
-8.1% |
0.17 |
0.18 |
|
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Microbix Biosystems Inc |
19.3% |
0.68 |
0.57 |
Fortuna Silver Mines Inc |
-8.1% |
4.68 |
4.83 |
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Anfield Resources Inc |
17.9% |
0.46 |
0.42 |
Ballard Power Systems Inc |
-7.8% |
3.09 |
3.32 |
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|
50 DMA |
Verde Potash PLC |
75.7% |
0.65 |
0.61 |
Canam Group Inc |
-14.0% |
9.67 |
10.82 |
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Magellan Minerals Ltd |
53.3% |
0.12 |
0.10 |
Scorpio Gold Corp |
-8.6% |
0.16 |
0.17 |
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Kootenay Silver Inc |
26.9% |
0.33 |
0.29 |
Graphene 3D Lab Inc |
-8.2% |
1.56 |
1.67 |
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Anfield Resources Inc |
17.9% |
0.46 |
0.44 |
Fortuna Silver Mines Inc |
-8.1% |
4.68 |
5.01 |
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GC-Global Capital Corp |
10.0% |
0.55 |
0.51 |
Imvescor Restaurant Group Inc |
-5.6% |
1.69 |
1.78 |
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|
200 DMA |
Magellan Minerals Ltd |
53.3% |
0.12 |
0.10 |
Precipitate Gold Corp |
-12.5% |
0.14 |
0.16 |
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Anfield Resources Inc |
17.9% |
0.46 |
0.43 |
Fortuna Silver Mines Inc |
-8.1% |
4.68 |
4.89 |
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Donnycreek Energy Inc |
6.0% |
2.49 |
2.37 |
Canamex Resources Corp |
-7.1% |
0.13 |
0.14 |
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NuVista Energy Ltd |
4.5% |
10.37 |
10.21 |
Stellar Biotechnologies Inc |
-6.0% |
1.4 |
1.47 |
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Bioniche Life Sciences Inc |
4.2% |
0.25 |
0.24 |
Anderson Energy Ltd |
-6.0% |
0.235 |
0.24 |
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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 |
Armco Metals Holdings Inc |
50.5% |
0.16 |
0.14 |
InvenSense Inc |
-25.1% |
16.08 |
20.45 |
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Majesco Entertainment Co |
29.4% |
1.32 |
1.05 |
Epiq Systems Inc |
-21.2% |
15.43 |
18.18 |
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MCG Capital Corp |
18.4% |
3.60 |
3.50 |
Wabash National Corp |
-21.2% |
10.16 |
12.54 |
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Corporate Executive Board Co/The |
17.4% |
71.15 |
61.04 |
United Cannabis Corp |
-19.9% |
0.732 |
0.75 |
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Icad Inc |
14.4% |
10.62 |
9.51 |
Orbital Sciences Corp |
-16.8% |
25.27 |
28.06 |
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|
50 DMA |
Armco Metals Holdings Inc |
50.5% |
0.16 |
0.15 |
Epiq Systems Inc |
-21.2% |
15.43 |
16.85 |
|
Majesco Entertainment Co |
29.4% |
1.32 |
1.28 |
Orbital Sciences Corp |
-16.8% |
25.27 |
27.81 |
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Corporate Executive Board Co/The |
17.4% |
71.15 |
63.11 |
Black Box Corp |
-12.1% |
21.46 |
22.98 |
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Icad Inc |
14.4% |
10.62 |
10.02 |
Aspen Technology Inc |
-10.0% |
36.31 |
38.72 |
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Ballantyne Strong Inc |
12.0% |
4.48 |
4.22 |
RPX Corp |
-10.0% |
13.73 |
14.65 |
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|
200 DMA |
Corporate Executive Board Co/The |
17.4% |
71.15 |
68.24 |
Orbital Sciences Corp |
-16.8% |
25.27 |
27.45 |
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Rogers Corp |
15.1% |
66.88 |
60.46 |
Black Box Corp |
-12.1% |
21.46 |
23.57 |
|
|
Engility Holdings Inc |
12.1% |
42.16 |
38.77 |
Camtek Ltd/Israel |
-8.6% |
3.61 |
3.75 |
|
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Ballantyne Strong Inc |
12.0% |
4.48 |
4.36 |
Pizza Inn Holdings Inc |
-6.4% |
6.48 |
6.72 |
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Sapient Corp |
6.6% |
16.53 |
15.78 |
US Silica Holdings Inc |
-5.0% |
47.05 |
48.32 |
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