Technical Breakouts to Watch for April 24, 2014 (TSXV: ARN) (NYSE: SVU)

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In the Canadian markets, Arcan Resources Ltd (TSXV: ARN) gained 17% Wednesday, closing a tad above the long term 200 DMA (Daily Moving Average) of C$0.415. Americas Petrogas Inc (TSXV: BOE), Pershimco Resources Inc (TSXV: PRO), Wavefront Technology Solutions Inc (TSXV: WEE), and Torex Gold Resources Inc (TSX: TXG) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in ShaMaran Petroleum Corp (TSXV: SNM), Clearwater Seafoods Inc (TSX: CLR), Patient Home Monitoring Corp (TSXV: PHM), Stellar Biotechnologies Inc (TSXV: KLH), and Wellgreen Platinum Ltd (TSXV: WG).

Arcan Resources Ltd (TSXV: ARN) – Technical Chart

Arcan Resources Ltd (TSXV: ARN)

In the U.S. markets, SUPERVALU Inc (NYSE: SVU), Woodward Inc (NASDAQ: WWD), Harmonic Inc (NASDAQ: HLIT), China Housing & Land Development Inc (NASDAQ: CHLN), and Helix Energy Solutions Group Inc (NYSE: HLX) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Zhone Technologies Inc (NASDAQ: ZHNE), Unisys Corp (NYSE: UIS), TG Therapeutics Inc (NASDAQ: TGTX), iRobot Corp (NASDAQ: IRBT), and Federal-Mogul Corp (NASDAQ: FDML) 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

Giyani Gold Corp
(TSXV: WDG)

15.0%

0.23

0.21

iSign Media Solutions Inc
(TSXV: ISD)

-11.8%

0.225

0.24

Nevada Sunrise Gold Corp
(TSXV: NEV)

12.5%

0.99

0.91

Globex Mining Enterprises Inc
(TSX: GMX)

-9.1%

0.3

0.32

Centerra Gold Inc
(TSX: CG)

9.9%

5.77

5.32

Cortex Business Solutions Inc
(TSXV: CBX)

-8.3%

0.11

0.11

Pershimco Resources Inc
(TSXV: PRO)

8.8%

0.37

0.34

Cornerstone Capital Resources Inc
(TSXV: CGP)

-6.7%

0.14

0.15

Dejour Energy Inc
(TSX: DEJ)

8.0%

0.27

0.26

Graphite One Resources Inc
(TSXV: GPH)

-5.0%

0.19

0.19

50 DMA

Commerce Resources Corp
(TSXV: CCE)

16.7%

0.18

0.16

Abattis Bioceuticals Corp
(CNSX: ATT)

-12.5%

1.12

1.13

Americas Petrogas Inc
(TSXV: BOE)

13.8%

1.48

1.31

Globex Mining Enterprises Inc
(TSX: GMX)

-9.1%

0.3

0.31

Pershimco Resources Inc
(TSXV: PRO)

8.8%

0.37

0.36

Cortex Business Solutions Inc
(TSXV: CBX)

-8.3%

0.11

0.11

Contact Exploration Inc
(TSXV: CEX)

8.6%

0.38

0.35

Mega Uranium Ltd
(TSX: MGA)

-7.8%

0.235

0.25

Wavefront Technology Solutions Inc
(TSXV: WEE)

7.8%

0.28

0.26

Cornerstone Capital Resources Inc
(TSXV: CGP)

-6.7%

0.14

0.14

200 DMA

Arcan Resources Ltd
(TSXV: ARN)

16.7%

0.42

0.415

ShaMaran Petroleum Corp
(TSXV: SNM)

-5.6%

0.42

0.44

Americas Petrogas Inc
(TSXV: BOE)

13.8%

1.48

1.33

Clearwater Seafoods Inc
(TSX: CLR)

-5.2%

6.92

6.96

Pershimco Resources Inc
(TSXV: PRO)

8.8%

0.37

0.35

Patient Home Monitoring Corp
(TSXV: PHM)

-4.0%

0.24

0.25

Wavefront Technology Solutions Inc
(TSXV: WEE)

7.8%

0.28

0.27

Stellar Biotechnologies Inc
(TSXV: KLH)

-3.0%

1.64

1.65

Torex Gold Resources Inc
(TSX: TXG)

5.1%

1.23

1.22

Wellgreen Platinum Ltd
(TSXV: WG)

-2.8%

0.69

0.69

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Xoom Corp
(NASDAQ: XOOM)

16.9%

23.02

20.28

Noranda Aluminum Holding Corp
(NYSE: NOR)

-11.1%

3.78

4.22

Aoxing Pharmaceutical Co Inc
(NYSE: AXN)

14.3%

0.51

0.45

Pzena Investment Management Inc
(NYSE: PZN)

-9.9%

11.17

11.56

Elizabeth Arden Inc
(NASDAQ: RDEN)

11.9%

31.83

29.04

Liquidmetal Technologies Inc
(OTC BB: LQMT)

-9.6%

0.221

0.24

Navigator Holdings Ltd
(NYSE: NVGS)

11.8%

26.97

25.16

Federal-Mogul Corp
(NASDAQ: FDML)

-9.5%

16.81

18.09

SUPERVALU Inc
(NYSE: SVU)

11.5%

7.54

6.79

Immunomedics Inc
(NASDAQ: IMMU)

-9.2%

4.15

4.31

50 DMA

Xoom Corp
(NASDAQ: XOOM)

16.9%

23.02

22.85

Zhone Technologies Inc
(NASDAQ: ZHNE)

-20.9%

3.29

4.10

Hugoton Royalty Trust
(NYSE: HGT)

14.8%

9.24

8.12

Noranda Aluminum Holding Corp
(NYSE: NOR)

-11.1%

3.78

4.19

Aoxing Pharmaceutical Co Inc
(NYSE: AXN)

14.3%

0.51

0.46

Pzena Investment Management Inc
(NYSE: PZN)

-9.9%

11.17

11.48

Elizabeth Arden Inc
(NASDAQ: RDEN)

11.9%

31.83

29.20

Federal-Mogul Corp
(NASDAQ: FDML)

-9.5%

16.81

18.11

Navigator Holdings Ltd
(NYSE: NVGS)

11.8%

26.97

24.82

Entegris Inc
(NASDAQ: ENTG)

-7.6%

11.42

12.03

200 DMA

SUPERVALU Inc
(NYSE: SVU)

11.5%

7.54

6.99

Zhone Technologies Inc
(NASDAQ: ZHNE)

-20.9%

3.29

3.85

Woodward Inc
(NASDAQ: WWD)

7.5%

44.52

41.95

Unisys Corp
(NYSE: UIS)

-11.5%

25.61

28.50

Harmonic Inc
(NASDAQ: HLIT)

6.2%

7.33

7.18

TG Therapeutics Inc
(NASDAQ: TGTX)

-11.3%

5.16

5.37

China Housing & Land Development Inc
(NASDAQ: CHLN)

6.2%

2.40

2.34

iRobot Corp
(NASDAQ: IRBT)

-10.4%

35.52

36.71

Helix Energy Solutions Group Inc
(NYSE: HLX)

3.9%

24.00

23.70

Federal-Mogul Corp
(NASDAQ: FDML)

-9.5%

16.81

17.71

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