Technical Breakouts to Watch for January 31, 2014 (TSX: SDI) (NASDAQ: PGNX)

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In the Canadian markets, Spectral Diagnostics Inc (TSX: SDI) gained 11% Thursday, piercing the long term 200 DMA (Daily Moving Average) of C$0.42. Ivernia Inc (TSX: IVW), Bioniche Life Sciences Inc (TSX: BNC), Element Financial Corp (TSX: EFN), and Cequence Energy Ltd (TSX: CQE) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Solid Resources Ltd (TSXV: SRW), Black Iron Inc (TSX: BKI), Sernova Corp (TSXV: SVA), Azincourt Uranium Inc (TSXV: AAZ), and Canadian Zinc Corp (TSX: CZN).

Spectral Diagnostics Inc (TSX: SDI) – Technical Chart

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In the U.S. markets, Progenics Pharmaceuticals Inc (NASDAQ: PGNX), Applied Industrial Technologies Inc (NYSE: AIT), Cavium Inc (NASDAQ: CAVM), Chimerix Inc (NASDAQ: CMRX), and O2Micro International Ltd (NASDAQ: OIIM) witnessed strong price gains and breakouts above their 200 DMAs Thursday. Midstates Petroleum Co Inc (NYSE: MPO), MicroFinancial Inc (NASDAQ: MFI), Exar Corp (NYSE: EXAR), Kennametal Inc (NYSE: KMT), and Oplink Communications Inc (NASDAQ: OPLK) 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

Titan Logix Corp
(TSXV: TLA)

13.5%

1.43

1.32

Vanoil Energy Ltd
(TSXV: VEL)

-30.0%

0.105

0.13

Opsens Inc
(TSXV: OPS)

13.3%

0.85

0.84

Verde Potash PLC
(TSX: NPK)

-21.4%

0.55

0.65

Orbite Aluminae Inc
(TSX: ORT)

9.1%

0.36

0.35

Solid Resources Ltd
(TSXV: SRW)

-11.5%

0.115

0.13

Confederation Minerals Ltd
(TSXV: CFM)

8.3%

0.20

0.19

Wavefront Technology Solutions Inc
(TSXV: WEE)

-10.8%

0.29

0.29

Petroforte International Ltd
(TSXV: PFI)

8.3%

0.20

0.18

Black Iron Inc
(TSX: BKI)

-10.0%

0.18

0.18

50 DMA

Titan Logix Corp
(TSXV: TLA)

13.5%

1.43

1.29

North American Palladium Ltd
(TSX: PDL)

-14.5%

0.53

0.60

Opsens Inc
(TSXV: OPS)

13.3%

0.85

0.83

Tembec Inc
(TSX: TMB)

-7.1%

2.9

2.92

Edge Resources Inc
(TSXV: EDE)

12.5%

0.14

0.12

Africa Hydrocarbons Inc
(TSXV: NFK)

-3.6%

0.135

0.14

Confederation Minerals Ltd
(TSXV: CFM)

8.3%

0.20

0.19

Patient Home Monitoring Corp
(TSXV: PHM)

-1.8%

0.275

0.28

Petroforte International Ltd
(TSXV: PFI)

8.3%

0.20

0.19

Peyto Exploration & Development Corp
(TSX: PEY)

-1.0%

32.35

32.54

200 DMA

Spectral Diagnostics Inc
(TSX: SDI)

10.7%

0.47

0.42

Solid Resources Ltd
(TSXV: SRW)

-11.5%

0.12

0.12

Ivernia Inc
(TSX: IVW)

7.7%

0.14

0.13

Black Iron Inc
(TSX: BKI)

-10.0%

0.18

0.19

Bioniche Life Sciences Inc
(TSX: BNC)

6.5%

0.33

0.32

Sernova Corp
(TSXV: SVA)

-7.4%

0.125

0.13

Element Financial Corp
(TSX: EFN)

4.4%

12.96

12.51

Azincourt Uranium Inc
(TSXV: AAZ)

-7.4%

0.25

0.25

Cequence Energy Ltd
(TSX: CQE)

3.0%

1.71

1.68

Canadian Zinc Corp
(TSX: CZN)

-5.0%

0.475

0.50

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Accelrys Inc
(NASDAQ: ACCL)

29.3%

12.57

9.89

KaloBios Pharmaceuticals Inc
(NASDAQ: KBIO)

-28.4%

3.33

4.55

Infinera Corp
(NASDAQ: INFN)

29.0%

9.11

8.95

MicroFinancial Inc
(NASDAQ: MFI)

-9.1%

8

8.73

LiqTech International Inc
(NYSE: LIQT)

28.4%

2.71

2.12

Exar Corp
(NYSE: EXAR)

-7.4%

11.3

11.84

Geron Corp
(NASDAQ: GERN)

23.6%

5.35

4.89

Southcross Energy Partners LP
(NYSE: SXE)

-6.1%

16.91

17.94

Corcept Therapeutics Inc
(NASDAQ: CORT)

22.7%

3.73

3.17

Fortune Brands Home & Security Inc
(NYSE: FBHS)

-5.3%

43.21

45.61

50 DMA

Infinera Corp
(NASDAQ: INFN)

29.0%

9.11

8.99

KaloBios Pharmaceuticals Inc
(NASDAQ: KBIO)

-28.4%

3.33

4.35

LiqTech International Inc
(NYSE: LIQT)

28.4%

2.71

2.29

On Track Innovations Ltd
(NASDAQ: OTIV)

-12.6%

2.92

3.33

Geron Corp
(NASDAQ: GERN)

23.6%

5.35

5.04

MicroFinancial Inc
(NASDAQ: MFI)

-9.1%

8

8.76

Cardiovascular Systems Inc
(NASDAQ: CSII)

19.1%

35.03

32.01

Exar Corp
(NYSE: EXAR)

-7.4%

11.3

11.94

Pitney Bowes Inc
(NYSE: PBI)

19.0%

25.85

22.95

Oplink Communications Inc
(NASDAQ: OPLK)

-6.9%

17.04

17.62

200 DMA

Progenics Pharmaceuticals Inc
(NASDAQ: PGNX)

15.6%

5.20

4.90

Midstates Petroleum Co Inc
(NYSE: MPO)

-10.6%

5.30

5.74

Applied Industrial Technologies Inc
(NYSE: AIT)

10.1%

50.62

48.58

MicroFinancial Inc
(NASDAQ: MFI)

-9.1%

8

8.15

Cavium Inc
(NASDAQ: CAVM)

9.0%

37.98

36.09

Exar Corp
(NYSE: EXAR)

-7.4%

11.3

12.08

Chimerix Inc
(NASDAQ: CMRX)

8.0%

19.94

18.95

Kennametal Inc
(NYSE: KMT)

-7.0%

44.35

44.55

O2Micro International Ltd
(NASDAQ: OIIM)

8.0%

3.24

3.14

Oplink Communications Inc
(NASDAQ: OPLK)

-6.9%

17.04

18.18

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