Technical Breakouts to Watch for June 09, 2014 (TSX: NKO) (NYSE: AXN)

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In the Canadian markets, Niko Resources Ltd (TSX: NKO) gained 34% Friday, piercing the long term 200 DMA (Daily Moving Average) of C$2.76. Lorus Therapeutics Inc (TSX: LOR), COM DEV International Ltd (TSX: CDV), Arctic Star Exploration Corp (TSXV: ADD), and Cascades Inc (TSX: CAS) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Canada Carbon Inc (TSXV: CCB), Major Drilling Group International Inc (TSX: MDI), Zenyatta Ventures Ltd (TSXV: ZEN), BNK Petroleum Inc (TSX: BKX), and Alberta Oilsands Inc (TSXV: AOS).

Niko Resources Ltd (TSX: NKO) – Technical Chart

Niko Resources Ltd (TSX: NKO)

In the U.S. markets, Aoxing Pharmaceutical Co Inc (NYSE: AXN), ZIOPHARM Oncology Inc (NASDAQ: ZIOP), InspireMD Inc (NYSE: NSPR), Inovio Pharmaceuticals Inc (NYSE: INO), and Cosan Ltd (NYSE: CZZ) witnessed strong price gains and breakouts above their 200 DMAs Friday. Novavax Inc (NASDAQ: NVAX), Retrophin Inc (NASDAQ: RTRX), CVR Partners LP (NYSE: UAN), Arena Pharmaceuticals Inc (NASDAQ: ARNA), and SunCoke Energy Inc (NYSE: SXC) witnessed price declines and fell below their 200 DMAs Friday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Petra Petroleum Inc
(TSXV: PTL)

35.0%

0.27

0.25

Excelsior Mining Corp
(TSXV: MIN)

-18.8%

0.26

0.30

Niko Resources Ltd
(TSX: NKO)

33.9%

2.92

2.19

Petrofrontier Corp
(TSXV: PFC)

-8.2%

0.28

0.30

Tirex Resources Ltd
(TSXV: TXX)

24.6%

0.38

0.32

NioCorp Developments Ltd
(TSXV: NB)

-7.8%

0.59

0.59

Intrinsyc Software International Inc
(TSX: ICS)

18.2%

0.13

0.11

ViXS Systems Inc
(TSX: VXS)

-7.3%

1.4

1.45

Lexam VG Gold Inc
(TSX: LEX)

15.8%

0.11

0.10

Levon Resources Ltd
(TSX: LVN)

-6.1%

0.23

0.23

50 DMA

Petra Petroleum Inc
(TSXV: PTL)

35.0%

0.27

0.24

Excelsior Mining Corp
(TSXV: MIN)

-18.8%

0.26

0.30

Niko Resources Ltd
(TSX: NKO)

33.9%

2.92

2.20

Petrofrontier Corp
(TSXV: PFC)

-8.2%

0.28

0.30

Tirex Resources Ltd
(TSXV: TXX)

24.6%

0.38

0.34

Levon Resources Ltd
(TSX: LVN)

-6.1%

0.23

0.24

Intrinsyc Software International Inc
(TSX: ICS)

18.2%

0.13

0.13

Neovasc Inc
(TSXV: NVC)

-4.3%

6.7

6.79

NeuLion Inc
(TSX: NLN)

15.7%

1.03

0.93

SENSIO Technologies Inc
(TSXV: SIO)

-4.0%

0.24

0.24

200 DMA

Niko Resources Ltd
(TSX: NKO)

33.9%

2.92

2.76

Canada Carbon Inc
(TSXV: CCB)

-9.5%

0.19

0.19

Lorus Therapeutics Inc
(TSX: LOR)

8.5%

0.51

0.50

Major Drilling Group International Inc
(TSX: MDI)

-8.2%

7.7

8.07

COM DEV International Ltd
(TSX: CDV)

6.9%

4.18

3.96

Zenyatta Ventures Ltd
(TSXV: ZEN)

-7.8%

2.72

2.82

Arctic Star Exploration Corp
(TSXV: ADD)

4.5%

0.12

0.11

BNK Petroleum Inc
(TSX: BKX)

-6.5%

1.73

1.74

Cascades Inc
(TSX: CAS)

4.4%

6.65

6.43

Alberta Oilsands Inc
(TSXV: AOS)

-3.6%

0.135

0.14

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

TigerLogic Corp
(NASDAQ: TIGR)

19.5%

1.47

1.31

Diamond Foods Inc
(NASDAQ: DMND)

-10.7%

29.74

31.11

Acorn Energy Inc
(NASDAQ: ACFN)

15.4%

1.95

1.87

Sears Hometown and Outlet Stores Inc
(NASDAQ: SHOS)

-8.8%

20.52

22.18

Fibrocell Science Inc
(NYSE: FCSC)

14.4%

3.34

3.13

Novavax Inc
(NASDAQ: NVAX)

-7.9%

4.165

4.41

Angie’s List Inc
(NASDAQ: ANGI)

11.0%

11.21

10.49

First NBC Bank Holding Co
(NASDAQ: NBCB)

-7.2%

32.04

32.41

Cal Dive International Inc
(NYSE: DVR)

8.3%

1.43

1.40

Seachange International Inc
(NASDAQ: SEAC)

-7.0%

8.65

9.26

50 DMA

TigerLogic Corp
(NASDAQ: TIGR)

19.5%

1.47

1.35

Diamond Foods Inc
(NASDAQ: DMND)

-10.7%

29.74

31.80

Infinity Pharmaceuticals Inc
(NASDAQ: INFI)

9.0%

10.83

10.02

Sears Hometown and Outlet Stores Inc
(NASDAQ: SHOS)

-8.8%

20.52

22.44

You On Demand Holdings Inc
(NASDAQ: YOD)

8.6%

3.28

3.16

NanoString Technologies Inc
(NASDAQ: NSTG)

-8.1%

15.29

16.22

Tandem Diabetes Care Inc
(NASDAQ: TNDM)

8.6%

18.21

17.46

Novavax Inc
(NASDAQ: NVAX)

-7.9%

4.165

4.31

Health Insurance Innovations Inc
(NASDAQ: HIIQ)

7.3%

10.68

10.18

ANADIGICS Inc
(NASDAQ: ANAD)

-7.5%

1.24

1.32

200 DMA

Aoxing Pharmaceutical Co Inc
(NYSE: AXN)

17.9%

0.33

0.32

Novavax Inc
(NASDAQ: NVAX)

-7.9%

4.17

4.29

ZIOPHARM Oncology Inc
(NASDAQ: ZIOP)

7.8%

4.02

3.91

Retrophin Inc
(NASDAQ: RTRX)

-7.4%

10.34

10.91

InspireMD Inc
(NYSE: NSPR)

6.9%

2.79

2.73

CVR Partners LP
(NYSE: UAN)

-2.7%

18.39

18.74

Inovio Pharmaceuticals Inc
(NYSE: INO)

6.6%

9.85

9.81

Arena Pharmaceuticals Inc
(NASDAQ: ARNA)

-2.4%

6

6.07

Cosan Ltd
(NYSE: CZZ)

5.1%

13.61

13.32

SunCoke Energy Inc
(NYSE: SXC)

-2.1%

20.5

20.59

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