Technical Breakouts to Watch for May 14, 2014 (TSXV: ARN) (NASDAQ: GALT)

Published:

In the Canadian markets, Arcan Resources Ltd (TSXV: ARN) gained 19% Tuesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.41. Dacha Strategic Metals Inc (TSXV: DSM), Flyht Aerospace Solutions Ltd (TSXV: FLY), Canadian Overseas Petroleum Ltd (TSXV: XOP), and Fission Uranium Corp (TSXV: FCU) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in PetroNova Inc (TSXV: PNA), Guyana Goldfields Inc (TSX: GUY), Sierra Wireless Inc (TSX: SW), Hudson’s Bay Co (TSX: HBC), and True Gold Mining Inc (TSXV: TGM).

Arcan Resources Ltd (TSXV: ARN) – Technical Chart

Arcan Resources Ltd (TSXV: ARN)

In the U.S. markets, Galectin Therapeutics Inc (NASDAQ: GALT), BioCryst Pharmaceuticals Inc (NASDAQ: BCRX), Rick’s Cabaret International Inc (NASDAQ: RICK), Idenix Pharmaceuticals Inc (NASDAQ: IDIX), and Northern Oil and Gas Inc (NYSE: NOG) witnessed strong price gains and breakouts above their 200 DMAs Tuesday. DXP Enterprises Inc (NASDAQ: DXPE), Elizabeth Arden Inc (NASDAQ: RDEN), Fuel Tech Inc (NASDAQ: FTEK), Rockwell Medical Inc (NASDAQ: RMTI), and Vringo Inc (NASDAQ: VRNG) witnessed price declines and fell below their 200 DMAs Tuesday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Dacha Strategic Metals Inc
(TSXV: DSM)

16.7%

0.14

0.13

DualEx Energy International Inc
(TSXV: DXE)

-8.5%

0.215

0.23

LGX OIL + GAS INC
(TSXV: OIL)

7.4%

0.51

0.49

Meridex Software Corp
(TSXV: MSC/H)

-8.5%

0.27

0.27

ENTREC Corp
(TSXV: ENT)

7.0%

1.37

1.33

Medifocus Inc
(TSXV: MFS)

-7.7%

0.18

0.18

MGM Energy Corp
(TSX: MGX)

5.6%

0.19

0.18

Horn Petroleum Corp
(TSXV: HRN)

-6.7%

0.28

0.29

Sirona Biochem Corp
(TSXV: SBM)

4.8%

0.11

0.11

Enterprise Group Inc
(TSX: E)

-5.7%

0.99

1.04

50 DMA

Anderson Energy Ltd
(TSX: AXL)

19.6%

0.28

0.23

PetroNova Inc
(TSXV: PNA)

-14.8%

0.26

0.30

High North Resources Ltd
(TSXV: HN)

18.2%

0.65

0.57

DualEx Energy International Inc
(TSXV: DXE)

-8.5%

0.215

0.23

Dacha Strategic Metals Inc
(TSXV: DSM)

16.7%

0.14

0.13

Medifocus Inc
(TSXV: MFS)

-7.7%

0.18

0.19

LGX OIL + GAS INC
(TSXV: OIL)

7.4%

0.51

0.51

Enterprise Group Inc
(TSX: E)

-5.7%

0.99

1.04

Connacher Oil and Gas Ltd
(TSX: CLL)

5.9%

0.27

0.26

Hudson’s Bay Co
(TSX: HBC)

-3.3%

17.5

17.61

200 DMA

Arcan Resources Ltd
(TSXV: ARN)

18.8%

0.48

0.41

PetroNova Inc
(TSXV: PNA)

-14.8%

0.26

0.29

Dacha Strategic Metals Inc
(TSXV: DSM)

16.7%

0.14

0.13

Guyana Goldfields Inc
(TSX: GUY)

-3.9%

2.23

2.30

Flyht Aerospace Solutions Ltd
(TSXV: FLY)

14.1%

0.49

0.45

Sierra Wireless Inc
(TSX: SW)

-3.7%

19.71

20.32

Canadian Overseas Petroleum Ltd
(TSXV: XOP)

10.0%

0.28

0.27

Hudson’s Bay Co
(TSX: HBC)

-3.3%

17.5

17.87

Fission Uranium Corp
(TSXV: FCU)

8.0%

1.22

1.17

True Gold Mining Inc
(TSXV: TGM)

-2.7%

0.36

0.37

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

ZaZa Energy Corp
(NASDAQ: ZAZA)

42.3%

0.68

0.54

Alkame Holdings Inc
(OTC BB: ALKM)

-42.8%

0.55

0.94

Uranium Energy Corp
(NYSE: UEC)

21.1%

1.32

1.11

DXP Enterprises Inc
(NASDAQ: DXPE)

-39.3%

66.13

104.81

Everyday Health Inc
(NYSE: EVDY)

15.5%

13.92

13.91

Odyssey Marine Exploration Inc
(NASDAQ: OMEX)

-24.5%

1.66

2.09

Puget Technologies Inc
(OTC BB: PUGE)

15.3%

0.39

0.39

Elizabeth Arden Inc
(NASDAQ: RDEN)

-22.8%

27.5

31.50

Origin Agritech Ltd
(NASDAQ: SEED)

12.7%

2.31

2.12

Fuel Tech Inc
(NASDAQ: FTEK)

-17.4%

5.24

5.66

50 DMA

ZaZa Energy Corp
(NASDAQ: ZAZA)

42.3%

0.68

0.65

Alkame Holdings Inc
(OTC BB: ALKM)

-42.8%

0.55

0.89

Origin Agritech Ltd
(NASDAQ: SEED)

12.7%

2.31

2.30

DXP Enterprises Inc
(NASDAQ: DXPE)

-39.3%

66.13

103.24

Single Touch Systems Inc
(OTC BB: SITO)

7.5%

0.43

0.43

Black River Petroleum Corp
(OTC BB: BRPC)

-26.9%

0.53

0.65

Pacific Sunwear of California Inc
(NASDAQ: PSUN)

6.0%

3.00

2.87

Elizabeth Arden Inc
(NASDAQ: RDEN)

-22.8%

27.5

30.96

InnerWorkings Inc
(NASDAQ: INWK)

6.0%

7.80

7.64

Fuel Tech Inc
(NASDAQ: FTEK)

-17.4%

5.24

5.68

200 DMA

Galectin Therapeutics Inc
(NASDAQ: GALT)

9.4%

11.62

10.77

DXP Enterprises Inc
(NASDAQ: DXPE)

-39.3%

66.13

92.55

BioCryst Pharmaceuticals Inc
(NASDAQ: BCRX)

8.0%

8.33

7.98

Elizabeth Arden Inc
(NASDAQ: RDEN)

-22.8%

27.5

33.91

Rick’s Cabaret International Inc
(NASDAQ: RICK)

4.5%

11.15

11.02

Fuel Tech Inc
(NASDAQ: FTEK)

-17.4%

5.24

5.66

Idenix Pharmaceuticals Inc
(NASDAQ: IDIX)

4.2%

5.71

5.50

Rockwell Medical Inc
(NASDAQ: RMTI)

-11.6%

10.48

10.77

Northern Oil and Gas Inc
(NYSE: NOG)

4.2%

14.97

14.68

Vringo Inc
(NASDAQ: VRNG)

-7.7%

3.13

3.37

Related articles

Recent articles