Technical Breakouts to Watch for March 06, 2014 (TSXV: MRO) (NASDAQ: XGTI)

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In the Canadian markets, Millrock Resources Inc (TSXV: MRO) gained 31% Wednesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.09. Glen Eagle Resources Inc (TSXV: GER), CB Gold Inc (TSXV: CBJ), Frontier Rare Earths Ltd (TSX: FRO), and Claude Resources Inc (TSX: CRJ) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Sutter Gold Mining Inc (TSXV: SGM), Imris Inc (TSX: IM), Nemaska Lithium Inc (TSXV: NMX), Sirona Biochem Corp (TSXV: SBM), and LX Ventures Inc (TSXV: LXV).

Millrock Resources Inc (TSXV: MRO) – Technical Chart

Millrock Resources Inc (TSXV: MRO)

In the U.S. markets, xG Technology Inc (NASDAQ: XGTI), Virtual Piggy Inc (OTC BB: VPIG), BSD Medical Corp (NASDAQ: BSDM), American Superconductor Corp (NASDAQ: AMSC), and PostRock Energy Corp (NASDAQ: PSTR) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Endeavour International Corp (NYSE: END), HCI Group Inc (NYSE: HCI), Synta Pharmaceuticals Corp (NASDAQ: SNTA), MGC Diagnostics Corp (NASDAQ: MGCD), and Getty Realty Corp (NYSE: GTY) witnessed price declines and fell below their 200 DMAs Wednesday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Millrock Resources Inc
(TSXV: MRO)

31.3%

0.11

0.10

PRD Energy Inc
(TSXV: PRD)

-25.8%

0.92

1.11

Wolfden Resources Corp
(TSXV: WLF)

28.6%

0.18

0.16

Imris Inc
(TSX: IM)

-23.6%

2.14

2.49

Winalta Inc
(TSXV: WTA)

13.1%

0.95

0.87

Suroco Energy Inc
(TSXV: SRN)

-13.8%

0.25

0.29

Graphite One Resources Inc
(TSXV: GPH)

10.0%

0.17

0.16

New Zealand Energy Corp
(TSXV: NZ)

-7.8%

0.235

0.25

Roxgold Inc
(TSXV: ROG)

9.7%

0.68

0.63

IBC Advanced Alloys Corp
(TSXV: IB)

-7.5%

0.185

0.19

50 DMA

Millrock Resources Inc
(TSXV: MRO)

31.3%

0.11

0.09

Sutter Gold Mining Inc
(TSXV: SGM)

-40.0%

0.105

0.17

Wolfden Resources Corp
(TSXV: WLF)

28.6%

0.18

0.17

PRD Energy Inc
(TSXV: PRD)

-25.8%

0.92

1.08

Glen Eagle Resources Inc
(TSXV: GER)

23.5%

0.21

0.17

Imris Inc
(TSX: IM)

-23.6%

2.14

2.23

Winalta Inc
(TSXV: WTA)

13.1%

0.95

0.85

IBC Advanced Alloys Corp
(TSXV: IB)

-7.5%

0.185

0.19

Graphite One Resources Inc
(TSXV: GPH)

10.0%

0.17

0.15

Smart Employee Benefits Inc
(TSXV: SEB)

-7.4%

0.5

0.50

200 DMA

Millrock Resources Inc
(TSXV: MRO)

31.3%

0.11

0.09

Sutter Gold Mining Inc
(TSXV: SGM)

-40.0%

0.11

0.17

Glen Eagle Resources Inc
(TSXV: GER)

23.5%

0.21

0.21

Imris Inc
(TSX: IM)

-23.6%

2.14

2.17

CB Gold Inc
(TSXV: CBJ)

9.5%

0.23

0.21

Nemaska Lithium Inc
(TSXV: NMX)

-10.7%

0.125

0.13

Frontier Rare Earths Ltd
(TSX: FRO)

9.3%

0.41

0.41

Sirona Biochem Corp
(TSXV: SBM)

-3.6%

0.135

0.14

Claude Resources Inc
(TSX: CRJ)

4.9%

0.22

0.21

LX Ventures Inc
(TSXV: LXV)

-2.9%

0.335

0.34

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Armco Metals Holdings Inc
(NYSE: AMCO)

22.9%

0.47

0.39

XOMA Corp
(NASDAQ: XOMA)

-27.8%

6.82

7.87

Bazaarvoice Inc
(NASDAQ: BV)

19.7%

8.13

7.20

USEC Inc
(NYSE: USU)

-20.9%

4.4

4.99

Aethlon Medical Inc
(OTC BB: AEMD)

19.3%

0.20

0.18

HCI Group Inc
(NYSE: HCI)

-19.0%

40.39

44.63

Smith & Wesson Holding Corp
(NASDAQ: SWHC)

16.4%

13.74

12.64

Synta Pharmaceuticals Corp
(NASDAQ: SNTA)

-13.5%

5.58

6.00

Midstates Petroleum Co Inc
(NYSE: MPO)

14.3%

5.20

4.86

Canadian Solar Inc
(NASDAQ: CSIQ)

-10.6%

39.02

39.17

50 DMA

Armco Metals Holdings Inc
(NYSE: AMCO)

22.9%

0.47

0.39

XOMA Corp
(NASDAQ: XOMA)

-27.8%

6.82

7.71

Bazaarvoice Inc
(NASDAQ: BV)

19.7%

8.13

7.43

USEC Inc
(NYSE: USU)

-20.9%

4.4

5.20

Aethlon Medical Inc
(OTC BB: AEMD)

19.3%

0.20

0.18

HCI Group Inc
(NYSE: HCI)

-19.0%

40.39

47.30

Smith & Wesson Holding Corp
(NASDAQ: SWHC)

16.4%

13.74

13.17

Synta Pharmaceuticals Corp
(NASDAQ: SNTA)

-13.5%

5.58

5.88

support.com Inc
(NASDAQ: SPRT)

14.1%

3.07

2.95

Quicksilver Resources Inc
(NYSE: KWK)

-6.6%

3.09

3.18

200 DMA

xG Technology Inc
(NASDAQ: XGTI)

128.4%

4.98

4.75

Endeavour International Corp
(NYSE: END)

-23.5%

3.93

5.06

Virtual Piggy Inc
(OTC BB: VPIG)

18.6%

1.66

1.65

HCI Group Inc
(NYSE: HCI)

-19.0%

40.39

40.48

BSD Medical Corp
(NASDAQ: BSDM)

16.0%

1.45

1.35

Synta Pharmaceuticals Corp
(NASDAQ: SNTA)

-13.5%

5.58

5.68

American Superconductor Corp
(NASDAQ: AMSC)

13.3%

2.22

2.14

MGC Diagnostics Corp
(NASDAQ: MGCD)

-10.4%

10.2

10.33

PostRock Energy Corp
(NASDAQ: PSTR)

13.0%

1.48

1.42

Getty Realty Corp
(NYSE: GTY)

-4.6%

19.09

19.44

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