Technical Breakouts to Watch for March 07, 2014 (TSXV: FDR) (NASDAQ: ERII)

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In the Canadian markets, Flinders Resources Ltd (TSXV: FDR) gained 44% Thursday, piercing the long term 200 DMA (Daily Moving Average) of C$0.45. Medifocus Inc (TSXV: MFS), Ivanhoe Energy Inc (TSX: IE), Wolfden Resources Corp (TSXV: WLF), and Absolute Software Corp (TSX: ABT) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Cardero Resource Corp (TSX: CDU), Touchstone Exploration Inc (TSXV: TAB), Eagle Energy Trust (TSX: EGL-U), Genesis Land Development Corp (TSX: GDC), and FAM Real Estate Investment Trust (TSX: F-U).

Flinders Resources Ltd (TSXV: FDR) – Technical Chart

Flinders Resources Ltd (TSXV: FDR)

In the U.S. markets, Energy Recovery Inc (NASDAQ: ERII), Hanwha SolarOne Co Ltd (NASDAQ: HSOL), Axiall Corp (NYSE: AXLL), PBF Energy Inc (NYSE: PBF), and Air Transport Services Group Inc (NASDAQ: ATSG) witnessed strong price gains and breakouts above their 200 DMAs Thursday. xG Technology Inc (NASDAQ: XGTI), Orbit International Corp (NASDAQ: ORBT), Synacor Inc (NASDAQ: SYNC), Ampio Pharmaceuticals Inc (NYSE: AMPE), and ImmunoGen Inc (NASDAQ: IMGN) witnessed price declines and fell below their 200 DMAs Thursday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Enablence Technologies Inc
(TSXV: ENA)

266.7%

          0.11

0.05

Redhawk Resources Inc/Canada
(TSX: RDK)

-7.7%

0.24

0.25

Theralase Technologies Inc
(TSXV: TLT)

17.1%

          0.48

0.45

Xmet Inc
(TSXV: XME)

-7.7%

0.12

0.13

Medifocus Inc
(TSXV: MFS)

15.8%

          0.22

0.22

SNC-Lavalin Group Inc
(TSX: SNC)

-4.1%

46.39

47.36

MGM Energy Corp
(TSX: MGX)

15.2%

          0.19

0.19

Savanna Energy Services Corp
(TSX: SVY)

-4.0%

7.75

8.02

Nevada Copper Corp
(TSX: NCU)

13.1%

          1.64

1.45

Palliser Oil & Gas Corp
(TSXV: PXL)

-3.7%

0.26

0.27

50 DMA

Enablence Technologies Inc
(TSXV: ENA)

266.7%

          0.11

0.08

Woulfe Mining Corp
(TSXV: WOF)

-8.7%

0.105

0.11

Theralase Technologies Inc
(TSXV: TLT)

17.1%

          0.48

0.45

Redhawk Resources Inc/Canada
(TSX: RDK)

-7.7%

0.24

0.25

MGM Energy Corp
(TSX: MGX)

15.2%

          0.19

0.18

01 Communique Laboratory Inc
(TSX: ONE)

-7.4%

0.44

0.45

Vanoil Energy Ltd
(TSXV: VEL)

13.0%

          0.13

0.12

SNC-Lavalin Group Inc
(TSX: SNC)

-4.1%

46.39

47.76

Orezone Gold Corp
(TSX: ORE)

10.5%

          0.63

0.60

Aston Hill Financial Inc
(TSX: AHF)

-4.0%

1.2

1.21

200 DMA

Flinders Resources Ltd
(TSXV: FDR)

44.2%

          0.62

          0.45

Cardero Resource Corp
(TSX: CDU)

-3.2%

          0.15

0.15

Medifocus Inc
(TSXV: MFS)

15.8%

          0.22

0.20

Touchstone Exploration Inc
(TSXV: TAB)

-2.5%

0.195

0.20

Ivanhoe Energy Inc
(TSX: IE)

12.3%

          0.82

0.79

Eagle Energy Trust
(TSX: EGL-U)

-1.9%

7.92

8.06

Wolfden Resources Corp
(TSXV: WLF)

5.6%

          0.19

0.19

Genesis Land Development Corp
(TSX: GDC)

-1.4%

3.53

3.54

Absolute Software Corp
(TSX: ABT)

1.0%

          7.12

7.07

FAM Real Estate Investment Trust
(TSX: F-U)

-1.1%

8.8

8.87

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Pixelworks Inc
(NASDAQ: PXLW)

87.5%

          9.00

5.32

Verso Paper Corp
(NYSE: VRS)

-14.8%

2.41

2.67

Cyan Inc
(NYSE: CYNI)

19.9%

          3.98

3.57

Zogenix Inc
(NASDAQ: ZGNX)

-14.5%

3.84

4.46

China Zenix Auto International Ltd
(NYSE: ZX)

14.9%

          2.77

2.68

Liquidmetal Technologies Inc
(OTC BB: LQMT)

-13.2%

0.272

0.30

Zoom Technologies Inc
(NASDAQ: ZOOM)

13.5%

          5.14

4.54

Cytosorbents Corp
(OTC BB: CTSO)

-9.3%

0.2631

0.27

Dakota Plains Holdings Inc
(OTC BB: DAKP)

11.1%

          2.11

2.04

Perficient Inc
(NASDAQ: PRFT)

-9.2%

18.96

20.22

50 DMA

Pixelworks Inc
(NASDAQ: PXLW)

87.5%

          9.00

5.32

Verso Paper Corp
(NYSE: VRS)

-14.8%

2.41

2.53

Cyan Inc
(NYSE: CYNI)

19.9%

          3.98

3.86

Zogenix Inc
(NASDAQ: ZGNX)

-14.5%

3.84

4.21

Ossen Innovation Co Ltd
(NASDAQ: OSN)

18.1%

          1.37

1.18

Repligen Corp
(NASDAQ: RGEN)

-8.5%

14.17

14.19

China Gerui Advanced Materials Group Ltd (NASDAQ: CHOP)

15.6%

          1.26

1.13

WuXi PharmaTech Cayman Inc
(NYSE: WX)

-8.2%

36.13

36.82

China Zenix Auto International Ltd
(NYSE: ZX)

14.9%

          2.77

2.63

Insmed Inc
(NASDAQ: INSM)

-7.1%

18.07

19.03

200 DMA

Energy Recovery Inc
(NASDAQ: ERII)

36.6%

          6.49

          5.05

xG Technology Inc
(NASDAQ: XGTI)

-26.7%

          3.65

4.72

Hanwha SolarOne Co Ltd
(NASDAQ: HSOL)

12.4%

          3.45

3.24

Orbit International Corp
(NASDAQ: ORBT)

-12.6%

2.99

3.42

Axiall Corp
(NYSE: AXLL)

9.3%

        45.96

42.48

Synacor Inc
(NASDAQ: SYNC)

-6.7%

2.63

2.78

PBF Energy Inc
(NYSE: PBF)

8.2%

        27.30

25.67

Ampio Pharmaceuticals Inc
(NYSE: AMPE)

-6.1%

6.88

7.24

Air Transport Services Group Inc
(NASDAQ: ATSG)

5.1%

          7.04

6.89

ImmunoGen Inc
(NASDAQ: IMGN)

-5.4%

16.04

16.36

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