In the Canadian markets, Lamelee Iron Ore Ltd (TSXV: LIR) surged 22% Friday, breaking the 50 & 200 DMAs (Daily Moving Average) of C$0.13 & C$0.12 respectively. Uex Corp (TSX: UEX), Counsel Corp (TSX: CXS), Alberta Oilsands Inc (TSXV: AOS), and Enterprise Group Inc (TSX: E) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Hyperion Exploration Corp (TSXV: HYX), PRD Energy Inc (TSXV: PRD), Connacher Oil and Gas Ltd (TSX: CLL), Norsat International Inc (TSX: NII), and Sprott Inc (TSX: SII).
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Lamelee Iron Ore Ltd (TSXV: LIR) – Technical Chart |
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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 |
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|
30 DMA |
African Gold Group Inc |
10.7% |
0.16 |
0.14 |
Gemini Corp |
-5.9% |
0.80 |
0.81 |
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Uex Corp |
9.5% |
0.46 |
0.44 |
Connacher Oil and Gas Ltd |
-0.7% |
7.05 |
7.07 |
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Tinka Resources Ltd |
7.7% |
0.28 |
0.27 |
Advantage Oil & Gas Ltd |
-0.7% |
7.05 |
7.07 |
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North American Palladium Ltd |
6.3% |
0.34 |
0.33 |
TransAlta Corp |
-0.7% |
12.93 |
12.96 |
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Cornerstone Capital Resources Inc |
4.0% |
0.13 |
0.13 |
Artis Real Estate Investment Trust |
-0.6% |
15.65 |
15.70 |
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50 DMA |
Lamelee Iron Ore Ltd |
21.7% |
0.14 |
0.13 |
Gemini Corp |
-5.9% |
0.80 |
0.83 |
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African Gold Group Inc |
10.7% |
0.16 |
0.14 |
Empire Industries Ltd/Canada |
-3.0% |
0.16 |
0.16 |
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Uex Corp |
9.5% |
0.46 |
0.43 |
Axia NetMedia Corp |
-0.7% |
2.78 |
2.79 |
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Geomega Resources Inc |
8.7% |
0.44 |
0.42 |
First Capital Realty Inc |
-0.2% |
18.55 |
18.57 |
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CIBT Education Group Inc |
8.6% |
0.38 |
0.37 |
Dollarama Inc |
-0.02% |
91.26 |
91.27 |
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200 DMA |
Lamelee Iron Ore Ltd |
21.7% |
0.14 |
0.12 |
Hyperion Exploration Corp |
-9.1% |
0.20 |
0.20 |
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Uex Corp |
9.5% |
0.46 |
0.43 |
PRD Energy Inc |
-8.0% |
1.04 |
1.06 |
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Counsel Corp |
6.2% |
2.07 |
2.03 |
Connacher Oil and Gas Ltd |
-4.4% |
0.22 |
0.22 |
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Alberta Oilsands Inc |
3.6% |
0.15 |
0.14 |
Norsat International Inc |
-2.0% |
0.50 |
0.51 |
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Enterprise Group Inc |
1.1% |
0.91 |
0.91 |
Sprott Inc |
-0.7% |
3.01 |
3.03 |
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