Technical Breakouts to Watch for June 17, 2014 (TSX: BNG) (NASDAQ: ZAZA)

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In the Canadian markets, Bengal Energy Ltd (TSX: BNG) gained 13% Monday, breaking the 50-DMA and 200-DMA (Daily Moving Average) of C$0.60 & C$0.56. Scorpio Gold Corp (TSXV: SGN), West Fraser Timber Co Ltd (TSX: WFT), Keek Inc (TSXV: KEK), 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 Levon Resources Ltd (TSX: LVN), Gabriel Resources Ltd (TSX: GBU), Kirkland Lake Gold Inc (TSX: KGI), Canada Carbon Inc (TSXV: CCB), and Guyana Goldfields Inc (TSX: GUY).

Bengal Energy Ltd (TSX: BNG) – Technical Chart

Bengal Energy Ltd (TSX: BNG)

In the U.S. markets, ZaZa Energy Corp (NASDAQ: ZAZA), Fusion-io Inc (NYSE: FIO), OncoMed Pharmaceuticals Inc (NASDAQ: OMED), TherapeuticsMD Inc (NYSE: TXMD), and Hudson Technologies Inc (NASDAQ: HDSN) witnessed strong price gains and breakouts above their 200 DMAs Monday. Nuverra Environmental Solutions Inc (NYSE: NES), ProPhase Labs Inc (NASDAQ: PRPH), USA Mobility Inc (NASDAQ: USMO), FX Energy Inc (NASDAQ: FXEN), and Ferro Corp (NYSE: FOE) witnessed price declines and fell below their 200 DMAs Monday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Tinka Resources Ltd
(TSXV: TK)

13.7%

0.29

0.27

Gabriel Resources Ltd
(TSX: GBU)

-16.2%

0.88

0.91

Brazil Resources Inc
(TSXV: BRI)

12.1%

1.02

0.93

Belo Sun Mining Corp
(TSX: BSX)

-9.1%

0.20

0.20

Sterling Resources Ltd
(TSXV: SLG)

11.1%

0.60

0.57

Pediapharm Inc
(TSXV: PDP)

-8.8%

0.26

0.27

Arcan Resources Ltd
(TSXV: ARN)

9.1%

0.48

0.44

Continental Gold Ltd
(TSX: CNL)

-6.6%

3.41

3.52

Westport Innovations Inc
(TSX: WPT)

8.3%

17.60

16.58

Endeavour Mining Corp
(TSX: EDV)

-6.2%

0.76

0.78

50 DMA

Hyperion Exploration Corp
(TSXV: HYX)

19.0%

0.25

0.22

Gabriel Resources Ltd
(TSX: GBU)

-16.2%

0.88

0.92

Bengal Energy Ltd
(TSX: BNG)

13.2%

0.60

0.60

Taipan Resources Inc
(TSXV: TPN)

-9.2%

0.45

0.46

Brazil Resources Inc
(TSXV: BRI)

12.1%

1.02

0.95

Endeavour Mining Corp
(TSX: EDV)

-6.2%

0.76

0.79

Sterling Resources Ltd
(TSXV: SLG)

11.1%

0.60

0.60

Virtutone Networks Inc
(TSXV: VFX)

-4.9%

0.39

0.41

ISIS Lab Corp
(TSXV: LAB)

8.3%

0.39

0.38

Lorus Therapeutics Inc
(TSX: LOR)

-4.0%

0.48

0.49

200 DMA

Bengal Energy Ltd
(TSX: BNG)

13.2%

0.60

0.56

Levon Resources Ltd
(TSX: LVN)

-18.6%

0.24

0.27

Scorpio Gold Corp
(TSXV: SGN)

6.5%

0.25

0.24

Gabriel Resources Ltd
(TSX: GBU)

-16.2%

0.88

0.97

West Fraser Timber Co Ltd
(TSX: WFT)

5.5%

51.96

49.94

Kirkland Lake Gold Inc
(TSX: KGI)

-6.2%

3.19

3.33

Keek Inc
(TSXV: KEK)

4.0%

0.13

0.13

Canada Carbon Inc
(TSXV: CCB)

-5.0%

0.19

0.20

Cascades Inc
(TSX: CAS)

2.8%

6.56

6.45

Guyana Goldfields Inc
(TSX: GUY)

-4.1%

2.31

2.31

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

ChannelAdvisor Corp
(NYSE: ECOM)

14.3%

24.19

21.73

Armco Metals Holdings Inc
(NYSE: AMCO)

-32.9%

0.23

0.25

DARA Biosciences Inc
(NASDAQ: DARA)

14.3%

1.28

1.27

Rich Pharmaceuticals Inc
(OTC BB: RCHA)

-30.0%

0.10

0.11

Compugen Ltd
(NASDAQ: CGEN)

11.0%

9.08

8.35

SilverSun Technologies Inc
(OTC BB: SSNT)

-30.0%

0.14

0.15

OncoMed Pharmaceuticals Inc
(NASDAQ: OMED)

10.1%

25.01

23.33

Forest Oil Corp
(NYSE: FST)

-17.6%

2.01

2.26

Hudson Technologies Inc
(NASDAQ: HDSN)

9.1%

3.01

2.88

Ekso Bionics Holdings Inc
(OTC BB: EKSO)

-14.8%

2.30

2.53

50 DMA

AVEO Pharmaceuticals Inc
(NASDAQ: AVEO)

17.6%

1.40

1.23

Armco Metals Holdings Inc
(NYSE: AMCO)

-32.9%

0.23

0.29

Intelligent Systems Corp
(NYSE: INS)

16.1%

1.66

1.49

SilverSun Technologies Inc
(OTC BB: SSNT)

-30.0%

0.14

0.15

Compugen Ltd
(NASDAQ: CGEN)

11.0%

9.08

8.85

Forest Oil Corp
(NYSE: FST)

-17.6%

2.01

2.11

Ultragenyx Pharmaceutical Inc
(NASDAQ: RARE)

10.6%

40.81

39.69

Ekso Bionics Holdings Inc
(OTC BB: EKSO)

-14.8%

2.30

2.60

Oramed Pharmaceuticals Inc
(NASDAQ: ORMP)

10.4%

10.64

10.18

DreamWorks Animation SKG Inc
(NASDAQ: DWA)

-11.0%

24.35

26.49

200 DMA

ZaZa Energy Corp
(NASDAQ: ZAZA)

23.3%

0.94

0.92

Nuverra Environmental Solutions Inc (NYSE: NES)

-5.1%

17.98

18.34

Fusion-io Inc
(NYSE: FIO)

22.4%

11.36

10.48

ProPhase Labs Inc
(NASDAQ: PRPH)

-4.8%

1.80

1.86

OncoMed Pharmaceuticals Inc
(NASDAQ: OMED)

10.1%

25.01

24.53

USA Mobility Inc
(NASDAQ: USMO)

-3.9%

14.61

14.97

TherapeuticsMD Inc
(NYSE: TXMD)

9.5%

5.07

4.77

FX Energy Inc
(NASDAQ: FXEN)

-3.7%

3.62

3.67

Hudson Technologies Inc
(NASDAQ: HDSN)

9.1%

3.01

2.79

Ferro Corp
(NYSE: FOE)

-3.4%

12.18

12.28

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