Technical Breakouts to Watch for July 07, 2014 (TSXV: LIR) (TSX: UEX)

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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).

Lamelee Iron Ore Ltd (TSXV: LIR) – Technical Chart

Lamelee Iron Ore Ltd (TSXV: LIR)

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

African Gold Group Inc
(TSXV: AGG)

10.7%

0.16

0.14

Gemini Corp
(TSXV: GKX)

-5.9%

0.80

0.81

Uex Corp
(TSX: UEX)

9.5%

0.46

0.44

Connacher Oil and Gas Ltd
(TSX: CLL)

-0.7%

7.05

7.07

Tinka Resources Ltd
(TSXV: TK)

7.7%

0.28

0.27

Advantage Oil & Gas Ltd
(TSX: AAV)

-0.7%

7.05

7.07

North American Palladium Ltd
(TSX: PDL)

6.3%

0.34

0.33

TransAlta Corp
(TSX: TA)

-0.7%

12.93

12.96

Cornerstone Capital Resources Inc
(TSXV: CGP)

4.0%

0.13

0.13

Artis Real Estate Investment Trust
(TSX: AX-U)

-0.6%

15.65

15.70

50 DMA

Lamelee Iron Ore Ltd
(TSXV: LIR)

21.7%

0.14

0.13

Gemini Corp
(TSXV: GKX)

-5.9%

0.80

0.83

African Gold Group Inc
(TSXV: AGG)

10.7%

0.16

0.14

Empire Industries Ltd/Canada
(TSXV: EIL)

-3.0%

0.16

0.16

Uex Corp
(TSX: UEX)

9.5%

0.46

0.43

Axia NetMedia Corp
(TSX: AXX)

-0.7%

2.78

2.79

Geomega Resources Inc
(TSXV: GMA)

8.7%

0.44

0.42

First Capital Realty Inc
(TSX: FCR)

-0.2%

18.55

18.57

CIBT Education Group Inc
(TSX: MBA)

8.6%

0.38

0.37

Dollarama Inc
(TSX: DOL)

-0.02%

91.26

91.27

200 DMA

Lamelee Iron Ore Ltd
(TSXV: LIR)

21.7%

0.14

0.12

Hyperion Exploration Corp
(TSXV: HYX)

-9.1%

0.20

0.20

Uex Corp
(TSX: UEX)

9.5%

0.46

0.43

PRD Energy Inc
(TSXV: PRD)

-8.0%

1.04

1.06

Counsel Corp
(TSX: CXS)

6.2%

2.07

2.03

Connacher Oil and Gas Ltd
(TSX: CLL)

-4.4%

0.22

0.22

Alberta Oilsands Inc
(TSXV: AOS)

3.6%

0.15

0.14

Norsat International Inc
(TSX: NII)

-2.0%

0.50

0.51

Enterprise Group Inc
(TSX: E)

1.1%

0.91

0.91

Sprott Inc
(TSX: SII)

-0.7%

3.01

3.03

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