Technical Breakouts to Watch for February 06, 2014 (TSXV: NGE) (NASDAQ: PTX)

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In the Canadian markets, Nevada Exploration Inc (TSXV: NGE) gained 17% Wednesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.10. ShaMaran Petroleum Corp (TSXV: SNM), Great Western Minerals Group Ltd (TSXV: GWG), Victoria Gold Corp (TSXV: VIT), and Bonterra Energy Corp (TSX: BNE) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Elgin Mining Inc (TSX: ELG), Sernova Corp (TSXV: SVA), Advantage Oil & Gas Ltd (TSX: AAV), Bear Creek Mining Corp (TSXV: BCM), and Parallel Energy Trust (TSX: PLT-U).

Nevada Exploration Inc (TSXV: NGE) – Technical Chart

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In the U.S. markets, Pernix Therapeutics Holdings (NASDAQ: PTX), National Interstate Corp (NASDAQ: NATL), Medical Action Industries Inc (NASDAQ: MDCI), Timberline Resources Corp (NYSE: TLR), and Myriad Genetics Inc (NASDAQ: MYGN) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Bill Barrett Corp (NYSE: BBG), China Information Technology Inc (NASDAQ: CNIT), PDL BioPharma Inc (NASDAQ: PDLI), DARA Biosciences Inc (NASDAQ: DARA), and Hampton Roads Bankshares Inc (NASDAQ: HMPR) 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

Nevada Exploration Inc
(TSXV: NGE)

16.7%

0.11

0.09

Metalex Ventures Ltd
(TSXV: MTX)

-40.0%

0.15

0.22

Artisan Energy Corp
(TSXV: AEC)

13.3%

0.34

0.31

Giyani Gold Corp
(TSXV: WDG)

-27.9%

0.31

0.31

Talon Metals Corp
(TSX: TLO)

8.7%

0.25

0.24

Elgin Mining Inc
(TSX: ELG)

-15.0%

0.17

0.19

Zenyatta Ventures Ltd
(TSXV: ZEN)

7.5%

2.14

2.05

Sernova Corp
(TSXV: SVA)

-14.3%

0.12

0.13

Barkerville Gold Mines Ltd
(TSXV: BGM)

7.3%

0.59

0.56

Indico Resources Ltd
(TSXV: IDI)

-12.5%

0.14

0.14

50 DMA

Artisan Energy Corp
(TSXV: AEC)

13.3%

0.34

0.33

Metalex Ventures Ltd
(TSXV: MTX)

-40.0%

0.15

0.20

Talon Metals Corp
(TSX: TLO)

8.7%

0.25

0.24

Giyani Gold Corp
(TSXV: WDG)

-27.9%

0.31

0.36

Wi-Lan Inc
(TSX: WIN)

6.4%

3.49

3.44

Sernova Corp
(TSXV: SVA)

-14.3%

0.12

0.12

ATS Automation Tooling Systems Inc
(TSX: ATA)

5.7%

14.35

13.68

Happy Creek Minerals Ltd
(TSXV: HPY)

-14.3%

0.12

0.14

Kombat Copper Inc
(TSXV: KBT)

5.0%

0.11

0.10

Orbite Aluminae Inc
(TSX: ORT)

-7.5%

0.37

0.37

200 DMA

Nevada Exploration Inc
(TSXV: NGE)

16.7%

0.11

0.10

Elgin Mining Inc
(TSX: ELG)

-15.0%

0.17

0.18

ShaMaran Petroleum Corp
(TSXV: SNM)

6.0%

0.45

0.42

Sernova Corp
(TSXV: SVA)

-14.3%

0.12

0.13

Great Western Minerals Group Ltd
(TSXV: GWG)

4.5%

0.12

0.11

Advantage Oil & Gas Ltd
(TSX: AAV)

-6.2%

4.12

4.18

Victoria Gold Corp
(TSXV: VIT)

4.0%

0.13

0.13

Bear Creek Mining Corp
(TSXV: BCM)

-3.9%

1.96

2.00

Bonterra Energy Corp
(TSX: BNE)

3.3%

53.10

52.41

Parallel Energy Trust
(TSX: PLT-U)

-0.3%

3.95

3.95

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Pernix Therapeutics Holdings
(NASDAQ: PTX)

68.9%

3.53

2.38

Bill Barrett Corp
(NYSE: BBG)

-16.9%

23

27.14

National Interstate Corp
(NASDAQ: NATL)

30.9%

29.01

23.42

Vantage Health
(OTC BB: VNTH)

-14.2%

0.1072

0.11

Medical Action Industries Inc
(NASDAQ: MDCI)

22.8%

8.30

7.80

Conatus Pharmaceuticals Inc
(NASDAQ: CNAT)

-12.9%

8.28

9.33

Pain Therapeutics Inc
(NASDAQ: PTIE)

21.4%

4.76

4.57

Stemline Therapeutics Inc
(NASDAQ: STML)

-12.1%

20.64

22.57

NuStar GP Holdings LLC
(NYSE: NSH)

11.5%

30.85

28.36

LRAD Corp
(NASDAQ: LRAD)

-11.9%

1.93

1.96

50 DMA

Pernix Therapeutics Holdings
(NASDAQ: PTX)

68.9%

3.53

2.42

Bill Barrett Corp
(NYSE: BBG)

-16.9%

23

27.07

National Interstate Corp
(NASDAQ: NATL)

30.9%

29.01

24.60

Stemline Therapeutics Inc
(NASDAQ: STML)

-12.1%

20.64

21.71

Medical Action Industries Inc
(NASDAQ: MDCI)

22.8%

8.30

7.97

WageWorks Inc
(NYSE: WAGE)

-9.4%

55.08

60.38

Pain Therapeutics Inc
(NASDAQ: PTIE)

21.4%

4.76

4.45

DARA Biosciences Inc
(NASDAQ: DARA)

-9.1%

0.58

0.60

Clayton Williams Energy Inc
(NYSE: CWEI)

12.2%

85.03

76.15

Cimatron Ltd
(NASDAQ: CIMT)

-8.6%

8.25

8.47

200 DMA

Pernix Therapeutics Holdings
(NASDAQ: PTX)

68.9%

3.53

2.93

Bill Barrett Corp
(NYSE: BBG)

-16.9%

23.00

24.33

National Interstate Corp
(NASDAQ: NATL)

30.9%

29.01

27.69

China Information Technology Inc
(NASDAQ: CNIT)

-13.0%

4.14

4.16

Medical Action Industries Inc
(NASDAQ: MDCI)

22.8%

8.30

7.37

PDL BioPharma Inc
(NASDAQ: PDLI)

-11.0%

7.46

8.22

Timberline Resources Corp
(NYSE: TLR)

19.4%

0.23

0.19

DARA Biosciences Inc
(NASDAQ: DARA)

-9.1%

0.58

0.60

Myriad Genetics Inc
(NASDAQ: MYGN)

15.1%

31.29

27.36

Hampton Roads Bankshares Inc
(NASDAQ: HMPR)

-6.5%

1.43

1.52

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