In the Canadian markets, Geomega Resources Inc (TSXV: GMA) powered 42% higher Wednesday, breaking the key resistance levels of 30-days and 200-days DMA (Daily Moving Average) of C$0.33 & C$0.34 respectively. Abattis Bioceuticals Corp (CNSX: ATT), Theralase Technologies Inc (TSXV: TLT), Great Quest Metals Ltd (TSXV: GQ), and Midas Gold Corp (TSX: MAX) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Sprott Inc (TSX: SII), Galway Metals Inc (TSXV: GWM), Levon Resources Ltd (TSX: LVN), McCoy Corp/Canada (TSX: MCB), and IAMGOLD Corp (TSX: IMG).
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Geomega Resources Inc (TSXV: GMA) – Technical Chart |
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In the U.S. markets, Medical Action Industries Inc (NASDAQ: MDCI), Sinclair Broadcast Group Inc (NASDAQ: SBGI), Nexstar Broadcasting Group Inc (NASDAQ: NXST), Ampio Pharmaceuticals Inc (NYSE: AMPE), and IXYS Corp (NASDAQ: IXYS) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Actinium Pharmaceuticals Inc (NYSE: ATNM), NeuroMetrix Inc (NASDAQ: NURO), Alon USA Energy Inc (NYSE: ALJ), MBIA Inc (NYSE: MBI), and New Residential Investment Corp (NYSE: NRZ) witnessed price declines and fell below their 200 DMAs Wednesday.
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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 |
|
|
30 DMA |
Geomega Resources Inc |
42.4% |
0.42 |
0.33 |
InZinc Mining Ltd |
-15.8% |
0.16 |
0.17 |
|
Bioniche Life Sciences Inc |
9.4% |
0.18 |
0.17 |
Niko Resources Ltd |
-11.4% |
2.17 |
2.36 |
|
|
Banro Corp |
6.4% |
0.50 |
0.48 |
Colorado Resources Ltd |
-10.2% |
0.22 |
0.24 |
|
|
Petrofrontier Corp |
5.3% |
0.30 |
0.29 |
Avante Logixx Inc |
-8.6% |
0.37 |
0.39 |
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Mega Uranium Ltd |
2.9% |
0.18 |
0.17 |
Sprott Inc |
-8.0% |
3.00 |
3.22 |
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|
50 DMA |
Banro Corp |
6.4% |
0.50 |
0.48 |
InZinc Mining Ltd |
-15.8% |
0.16 |
0.17 |
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Petrofrontier Corp |
5.3% |
0.30 |
0.30 |
Niko Resources Ltd |
-11.4% |
2.17 |
2.26 |
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LGX OIL + GAS INC |
2.0% |
0.50 |
0.50 |
Avante Logixx Inc |
-8.6% |
0.37 |
0.38 |
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Thompson Creek Metals Co Inc |
1.0% |
3.09 |
3.06 |
Sprott Inc |
-8.0% |
3.00 |
3.23 |
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Manitok Energy Inc |
0.8% |
2.43 |
2.43 |
Iona Energy Inc |
-4.9% |
0.49 |
0.51 |
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|
200 DMA |
Geomega Resources Inc |
42.4% |
0.42 |
0.34 |
Sprott Inc |
-8.0% |
3.00 |
3.02 |
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Abattis Bioceuticals Corp |
20.8% |
0.58 |
0.49 |
Galway Metals Inc |
-3.8% |
0.13 |
0.13 |
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Theralase Technologies Inc |
12.7% |
0.36 |
0.34 |
Levon Resources Ltd |
-3.6% |
0.27 |
0.27 |
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Great Quest Metals Ltd |
3.6% |
1.14 |
1.12 |
McCoy Corp/Canada |
-3.6% |
6.36 |
6.57 |
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Midas Gold Corp |
3.6% |
0.86 |
0.85 |
IAMGOLD Corp |
-2.3% |
4.27 |
4.28 |
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Breakouts – U.S. |
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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 |
Medical Action Industries Inc |
93.5% |
13.68 |
7.10 |
Profire Energy Inc |
-11.6% |
4.51 |
4.52 |
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American Apparel Inc |
28.7% |
0.68 |
0.63 |
PBF Energy Inc |
-10.7% |
28.07 |
30.72 |
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China Commercial Credit Inc |
22.9% |
3.76 |
3.62 |
CVR Refining LP |
-8.7% |
24.78 |
26.55 |
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PowerSecure International Inc |
21.7% |
9.60 |
7.99 |
ImmunoGen Inc |
-8.2% |
12.04 |
12.06 |
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Valhi Inc |
16.4% |
5.81 |
5.79 |
Zhone Technologies Inc |
-8.1% |
3.05 |
3.10 |
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|
50 DMA |
American Apparel Inc |
28.7% |
0.68 |
0.63 |
PBF Energy Inc |
-10.7% |
28.07 |
30.37 |
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Nanosphere Inc |
16.2% |
1.65 |
1.49 |
Heron Therapeutics Inc |
-8.8% |
11.64 |
11.67 |
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Nexstar Broadcasting Group Inc |
13.5% |
48.81 |
43.25 |
Mines Management Inc |
-8.7% |
1.05 |
1.12 |
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Penn Virginia Corp |
12.4% |
16.60 |
15.70 |
CVR Refining LP |
-8.7% |
24.78 |
26.05 |
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Synthesis Energy Systems Inc |
9.2% |
1.67 |
1.65 |
ImmunoGen Inc |
-8.2% |
12.04 |
12.34 |
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|
200 DMA |
Medical Action Industries Inc |
93.5% |
13.68 |
7.14 |
Actinium Pharmaceuticals Inc |
-19.0% |
7.09 |
7.67 |
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Sinclair Broadcast Group Inc |
15.6% |
33.80 |
30.75 |
NeuroMetrix Inc |
-9.8% |
2.02 |
2.18 |
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Nexstar Broadcasting Group Inc |
13.5% |
48.81 |
44.13 |
Alon USA Energy Inc |
-6.2% |
13.08 |
13.95 |
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Ampio Pharmaceuticals Inc |
8.6% |
8.08 |
7.49 |
MBIA Inc |
-4.5% |
11.80 |
12.13 |
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IXYS Corp |
8.0% |
12.32 |
11.52 |
New Residential Investment Corp |
-3.2% |
6.27 |
6.32 |
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