Technical Breakouts to Watch for January 17, 2014 (TSX: ELG) (NASDAQ: PAMT)

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In the Canadian markets, Elgin Mining Inc (TSX: ELG) gained 17% Thursday, piercing the long term 200 DMA (Daily Moving Average) of C$0.20. Birchcliff Energy Ltd (TSX: BIR), NexgenRx Inc (TSXV: NXG), Black Iron Inc (TSX: BKI), and Callinan Royalties Corp (TSXV: CAA) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Sernova Corp (TSXV: SVA), Banks Island Gold Ltd (TSXV: BOZ), Sprylogics International Corp (TSXV: SPY), Gold Canyon Resources Inc (TSXV: GCU), and Ivernia Inc (TSX: IVW).

Elgin Mining Inc (TSX: ELG) – Technical Chart

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In the U.S. markets, Parametric Sound Corp (NASDAQ: PAMT), Noranda Aluminum Holding Corp (NYSE: NOR), Response Genetics Inc (NASDAQ: RGDX), Rediff.Com India Ltd (NASDAQ: REDF), and TIBCO Software Inc (NASDAQ: TIBX) witnessed strong price gains and breakouts above their 200 DMAs Thursday. Life Partners Holdings Inc (NASDAQ: LPHI), MediciNova Inc (NASDAQ: MNOV), Intellicheck Mobilisa Inc (NYSE: IDN), AECOM Technology Corp (NYSE: ACM), and AGCO Corp (NYSE: AGCO) witnessed price declines and fell below their 200 DMAs Thursday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Great Western Minerals Group Ltd
(TSXV: GWG)

57.1%

0.11

0.07

Alamos Gold Inc
(TSX: AGI)

-17.2%

11.31

12.75

Bowmore Exploration Ltd
(TSXV: BOW)

13.0%

0.13

0.12

Sernova Corp
(TSXV: SVA)

-11.1%

0.12

0.12

Newstrike Capital Inc
(TSXV: NES)

12.5%

0.72

0.64

Banks Island Gold Ltd
(TSXV: BOZ)

-10.0%

0.54

0.56

Nevada Copper Corp
(TSX: NCU)

9.3%

1.41

1.33

Lorus Therapeutics Inc
(TSX: LOR)

-9.8%

0.55

0.56

Integra Gold Corp
(TSXV: ICG)

9.1%

0.18

0.17

Excellon Resources Inc
(TSX: EXN)

-8.3%

1.1

1.11

50 DMA

Great Western Minerals Group Ltd
(TSXV: GWG)

57.1%

0.11

0.08

Alamos Gold Inc
(TSX: AGI)

-17.2%

11.31

13.14

Barisan Gold Corp
(TSXV: BG)

35.1%

0.25

0.24

Sernova Corp
(TSXV: SVA)

-11.1%

0.12

0.12

Newstrike Capital Inc
(TSXV: NES)

12.5%

0.72

0.64

Banks Island Gold Ltd
(TSXV: BOZ)

-10.0%

0.54

0.57

Tethys Petroleum Ltd
(TSX: TPL)

10.5%

0.63

0.58

Lorus Therapeutics Inc
(TSX: LOR)

-9.8%

0.55

0.58

Sirona Biochem Corp
(TSXV: SBM)

6.9%

0.16

0.15

Excellon Resources Inc
(TSX: EXN)

-8.3%

1.1

1.11

200 DMA

Elgin Mining Inc
(TSX: ELG)

16.7%

0.21

0.20

Sernova Corp
(TSXV: SVA)

-11.1%

0.12

0.13

Birchcliff Energy Ltd
(TSX: BIR)

11.4%

8.43

7.73

Banks Island Gold Ltd
(TSXV: BOZ)

-10.0%

0.54

0.59

NexgenRx Inc
(TSXV: NXG)

11.1%

0.20

0.19

Sprylogics International Corp
(TSXV: SPY)

-6.8%

0.55

0.57

Black Iron Inc
(TSX: BKI)

7.9%

0.21

0.19

Gold Canyon Resources Inc
(TSXV: GCU)

-6.7%

0.28

0.30

Callinan Royalties Corp
(TSXV: CAA)

7.2%

1.93

1.86

Ivernia Inc
(TSX: IVW)

-3.7%

0.13

0.13

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

YRC Worldwide Inc
(NASDAQ: YRCW)

21.0%

15.47

14.47

Richfield Oil & Gas Co
(OTC BB: ROIL)

-16.6%

0.2501

0.27

Zoom Technologies Inc
(NASDAQ: ZOOM)

18.4%

5.09

4.34

NewLead Holdings Ltd
(NASDAQ: NEWL)

-11.0%

1.38

1.50

Stemline Therapeutics Inc
(NASDAQ: STML)

13.6%

21.82

20.05

CLARCOR Inc
(NYSE: CLC)

-9.0%

58.99

62.50

Insulet Corp
(NASDAQ: PODD)

10.3%

40.31

36.88

Tessera Technologies Inc
(NASDAQ: TSRA)

-8.4%

17.92

19.39

SPS Commerce Inc
(NASDAQ: SPSC)

9.3%

68.79

65.60

Generac Holdings Inc
(NYSE: GNRC)

-7.9%

50.89

54.53

50 DMA

Sarepta Therapeutics Inc
(NASDAQ: SRPT)

40.1%

28.00

20.16

Richfield Oil & Gas Co
(OTC BB: ROIL)

-16.6%

0.2501

0.29

BIND Therapeutics Inc
(NASDAQ: BIND)

14.6%

12.90

11.82

CLARCOR Inc
(NYSE: CLC)

-9.0%

58.99

61.35

Stemline Therapeutics Inc
(NASDAQ: STML)

13.6%

21.82

20.99

Tessera Technologies Inc
(NASDAQ: TSRA)

-8.4%

17.92

19.25

Questcor Pharmaceuticals Inc
(NASDAQ: QCOR)

11.2%

61.43

56.28

Generac Holdings Inc
(NYSE: GNRC)

-7.9%

50.89

52.84

Insulet Corp
(NASDAQ: PODD)

10.3%

40.31

36.66

Sagent Pharmaceuticals Inc
(NASDAQ: SGNT)

-7.6%

22.34

23.63

200 DMA

Parametric Sound Corp
(NASDAQ: PAMT)

12.2%

16.05

15.31

Life Partners Holdings Inc
(NASDAQ: LPHI)

-8.0%

2.48

2.55

Noranda Aluminum Holding Corp
(NYSE: NOR)

9.4%

3.36

3.16

MediciNova Inc
(NASDAQ: MNOV)

-7.1%

2.5

2.59

Response Genetics Inc
(NASDAQ: RGDX)

9.2%

1.67

1.66

Intellicheck Mobilisa Inc
(NYSE: IDN)

-3.2%

0.51

0.53

Rediff.Com India Ltd
(NASDAQ: REDF)

7.1%

2.56

2.51

AECOM Technology Corp
(NYSE: ACM)

-2.6%

29.89

30.55

TIBCO Software Inc
(NASDAQ: TIBX)

5.3%

23.47

22.98

AGCO Corp
(NYSE: AGCO)

-2.1%

55.35

56.49

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