Technical Breakouts to Watch for March 14, 2014 (TSXV: MNM) (NASDAQ: TSRO)

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In the Canadian markets, Magellan Minerals Ltd (TSXV: MNM) gained 60% Thursday, piercing the long term 200 DMA (Daily Moving Average) of C$0.11. Banro Corp (TSX: BAA), Tembo Gold Corp (TSXV: TEM), Pivotal Therapeutics Inc (CNSX: PVO), and Pershimco Resources Inc (TSXV: PRO) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Macro Enterprises Inc (TSXV: MCR), Veris Gold Corp (TSX: VG), Quest Rare Minerals Ltd (TSX: QRM), Gasfrac Energy Services Inc (TSX: GFS), and Zenyatta Ventures Ltd (TSXV: ZEN).

Magellan Minerals Ltd (TSXV: MNM) – Technical Chart

Magellan Minerals Ltd (TSXV: MNM)

In the U.S. markets, TESARO Inc (NASDAQ: TSRO), Life Partners Holdings Inc (NASDAQ: LPHI), Premier Biomedical Inc (OTC BB: BIEI), Porter Bancorp Inc (NASDAQ: PBIB), and Hanwha SolarOne Co Ltd (NASDAQ: HSOL) witnessed strong price gains and breakouts above their 200 DMAs Thursday. Addus HomeCare Corp (NASDAQ: ADUS), World Acceptance Corp (NASDAQ: WRLD), Amedisys Inc (NASDAQ: AMED), Galena Biopharma Inc (NASDAQ: GALE), and Emerald Oil Inc (NYSE: EOX) 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

Magellan Minerals Ltd
(TSXV: MNM)

60.0%

0.16

0.10

Callinex Mines Inc
(TSXV: CNX)

-15.1%

0.45

0.50

Ethos Gold Corp
(TSXV: ECC)

33.3%

0.24

0.20

Macro Enterprises Inc
(TSXV: MCR)

-14.3%

5.44

5.81

MedMira Inc
(TSXV: MIR)

22.2%

0.11

0.10

Passport Potash Inc
(TSXV: PPI)

-14.3%

0.12

0.12

Westaim Corp/The
(TSXV: WED)

20.0%

2.52

2.16

Barkerville Gold Mines Ltd
(TSXV: BGM)

-11.5%

0.54

0.58

Arcan Resources Ltd
(TSXV: ARN)

13.8%

0.33

0.29

CRH Medical Corp
(TSX: CRH)

-9.7%

0.65

0.68

50 DMA

Ethos Gold Corp
(TSXV: ECC)

33.3%

0.24

0.19

Callinex Mines Inc
(TSXV: CNX)

-15.1%

0.45

0.45

Azabache Energy Inc
(TSXV: AZA)

26.3%

0.12

0.11

Macro Enterprises Inc
(TSXV: MCR)

-14.3%

5.44

5.93

Westaim Corp/The
(TSXV: WED)

20.0%

2.52

2.14

Barkerville Gold Mines Ltd
(TSXV: BGM)

-11.5%

0.54

0.59

SouthGobi Resources Ltd
(TSX: SGQ)

13.9%

0.90

0.81

CRH Medical Corp
(TSX: CRH)

-9.7%

0.65

0.69

Arcan Resources Ltd
(TSXV: ARN)

13.8%

0.33

0.30

Excelsior Mining Corp
(TSXV: MIN)

-8.8%

0.31

0.31

200 DMA

Magellan Minerals Ltd
(TSXV: MNM)

60.0%

0.16

0.11

Macro Enterprises Inc
(TSXV: MCR)

-14.3%

5.44

5.48

Banro Corp
(TSX: BAA)

19.4%

0.80

0.77

Veris Gold Corp
(TSX: VG)

-14.3%

0.42

0.45

Tembo Gold Corp
(TSXV: TEM)

12.0%

0.14

0.13

Quest Rare Minerals Ltd
(TSX: QRM)

-9.7%

0.56

0.61

Pivotal Therapeutics Inc
(CNSX: PVO)

11.8%

0.19

0.18

Gasfrac Energy Services Inc
(TSX: GFS)

-8.5%

1.72

1.75

Pershimco Resources Inc
(TSXV: PRO)

11.6%

0.39

0.36

Zenyatta Ventures Ltd
(TSXV: ZEN)

-5.6%

2.72

2.85

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Timberline Resources Corp
(NYSE: TLR)

0.30

0.19

0.17

Worlds Inc
(OTC BB: WDDD)

(0.41)

0.13

0.20

TESARO Inc
(NASDAQ: TSRO)

0.27

38.86

31.44

Addus HomeCare Corp
(NASDAQ: ADUS)

(0.20)

23.22

26.08

Life Partners Holdings Inc
(NASDAQ: LPHI)

0.26

2.96

2.50

China Techfaith Wireless Communication Technology Ltd
(NASDAQ: CNTF)

(0.20)

1.81

2.21

Chelsea Therapeutics International Ltd
(NASDAQ: CHTP)

0.14

5.95

5.31

World Acceptance Corp
(NASDAQ: WRLD)

(0.20)

78.25

96.87

Image Sensing Systems Inc
(NASDAQ: ISNS)

0.11

5.62

5.29

Methode Electronics Inc
(NYSE: MEI)

(0.12)

31.06

32.96

50 DMA

Timberline Resources Corp
(NYSE: TLR)

0.30

0.19

0.17

Worlds Inc
(OTC BB: WDDD)

(0.41)

0.13

0.18

TESARO Inc
(NASDAQ: TSRO)

0.27

38.86

31.06

Addus HomeCare Corp
(NASDAQ: ADUS)

(0.20)

23.22

25.41

Life Partners Holdings Inc
(NASDAQ: LPHI)

0.26

2.96

2.46

China Techfaith Wireless Communication Technology Ltd
(NASDAQ: CNTF)

(0.20)

1.81

2.08

Premier Biomedical Inc
(OTC BB: BIEI)

0.20

0.90

0.82

World Acceptance Corp
(NASDAQ: WRLD)

(0.20)

78.25

93.82

Unilife Corp
(NASDAQ: UNIS)

0.15

4.99

4.44

Methode Electronics Inc
(NYSE: MEI)

(0.12)

31.06

33.53

200 DMA

TESARO Inc
(NASDAQ: TSRO)

0.27

38.86

35.43

Addus HomeCare Corp
(NASDAQ: ADUS)

(0.20)

23.22

24.15

Life Partners Holdings Inc
(NASDAQ: LPHI)

0.26

2.96

2.38

World Acceptance Corp
(NASDAQ: WRLD)

(0.20)

78.25

90.61

Premier Biomedical Inc
(OTC BB: BIEI)

0.20

0.90

0.82

Amedisys Inc
(NASDAQ: AMED)

(0.09)

14.09

15.17

Porter Bancorp Inc
(NASDAQ: PBIB)

0.16

1.24

1.11

Galena Biopharma Inc
(NASDAQ: GALE)

(0.07)

3.02

3.09

Hanwha SolarOne Co Ltd
(NASDAQ: HSOL)

0.13

3.70

3.28

Emerald Oil Inc
(NYSE: EOX)

(0.07)

7.12

7.33

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