Technical Breakouts to Watch for May 21, 2014 (TSX: SW) (NASDAQ: RRGB)

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In the Canadian markets, Sierra Wireless Inc (TSX: SW) gained 9% Tuesday, piercing the long term 200 DMA (Daily Moving Average) of C$20.44. Natcore Technology Inc (TSXV: NXT), Keek Inc (TSXV: KEK), Hudson Resources Inc/Canada (TSXV: HUD), and Flyht Aerospace Solutions Ltd (TSXV: FLY) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Arcan Resources Ltd (TSXV: ARN), Orvana Minerals Corp (TSX: ORV), Continental Gold Ltd (TSX: CNL), Falco Pacific Resource Group I (TSXV: FPC), and Centerra Gold Inc (TSX: CG).

Sierra Wireless Inc (TSX: SW) – Technical Chart

Sierra Wireless Inc (TSX: SW)

In the U.S. markets, Red Robin Gourmet Burgers Inc (NASDAQ: RRGB), Identive Group Inc (NASDAQ: INVE), Sino Agro Foods Inc (OTC BB: SIAF), China Mobile Games & Entertainment Group Ltd (NASDAQ: CMGE), and Seaspan Corp (NYSE: SSW) witnessed strong price gains and breakouts above their 200 DMAs Tuesday. Callaway Golf Co (NYSE: ELY), Adamis Pharmaceuticals Corp (NASDAQ: ADMP), China Techfaith Wireless Communication Technology Ltd (NASDAQ: CNTF), Cato Corp/The (NYSE: CATO), and Ambarella Inc (NASDAQ: AMBA) 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

RDX Technologies Corp
(TSXV: RDX)

13.7%

0.42

0.41

Cortex Business Solutions Inc
(TSXV: CBX)

-21.4%

0.11

0.12

Natcore Technology Inc
(TSXV: NXT)

8.3%

0.91

0.86

Data Group Ltd
(TSX: DGI)

-18.9%

0.77

0.82

Sintana Energy Inc
(TSXV: SNN)

7.7%

0.14

0.13

I-Minerals Inc
(TSXV: IMA)

-16.7%

0.25

0.28

US Oil Sands Inc
(TSXV: USO)

7.7%

0.14

0.13

Galway Metals Inc
(TSXV: GWM)

-9.4%

0.145

0.15

Largo Resources Ltd
(TSXV: LGO)

7.5%

0.29

0.27

Horn Petroleum Corp
(TSXV: HRN)

-8.2%

0.28

0.28

50 DMA

Natcore Technology Inc
(TSXV: NXT)

8.3%

0.91

0.88

Cortex Business Solutions Inc
(TSXV: CBX)

-21.4%

0.11

0.11

US Oil Sands Inc
(TSXV: USO)

7.7%

0.14

0.13

Data Group Ltd
(TSX: DGI)

-18.9%

0.77

0.85

Largo Resources Ltd
(TSXV: LGO)

7.5%

0.29

0.27

I-Minerals Inc
(TSXV: IMA)

-16.7%

0.25

0.28

Athabasca Minerals Inc
(TSXV: ABM)

5.8%

1.82

1.75

Horn Petroleum Corp
(TSXV: HRN)

-8.2%

0.28

0.28

NeuLion Inc
(TSX: NLN)

5.6%

0.94

0.91

BSM Technologies Inc
(TSXV: GPS)

-6.1%

2.3

2.44

200 DMA

Sierra Wireless Inc
(TSX: SW)

9.4%

20.94

20.44

Arcan Resources Ltd
(TSXV: ARN)

-14.9%

0.40

0.41

Natcore Technology Inc
(TSXV: NXT)

8.3%

0.91

0.91

Orvana Minerals Corp
(TSX: ORV)

-7.1%

0.52

0.55

Keek Inc
(TSXV: KEK)

4.2%

0.13

0.12

Continental Gold Ltd
(TSX: CNL)

-6.1%

3.7

3.89

Hudson Resources Inc/Canada
(TSXV: HUD)

2.9%

0.35

0.34

Falco Pacific Resource Group I
(TSXV: FPC)

-4.3%

0.44

0.45

Flyht Aerospace Solutions Ltd
(TSXV: FLY)

2.2%

0.46

0.46

Centerra Gold Inc
(TSX: CG)

-4.2%

4.82

4.83

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Ophthotech Corp
(NASDAQ: OPHT)

24.5%

39.16

32.37

22nd Century Group Inc
(NYSE: XXII)

-14.7%

2.38

2.58

eOn Communications Corp
(NASDAQ: EONC)

18.6%

4.14

3.96

Urban Outfitters Inc
(NASDAQ: URBN)

-8.8%

32.98

35.97

Red Robin Gourmet Burgers Inc
(NASDAQ: RRGB)

12.5%

71.80

66.54

InterCloud Systems Inc
(NASDAQ: ICLD)

-8.5%

4.29

4.61

Gray Fox Petroleum Corp
(OTC BB: GFOX)

12.3%

0.82

0.81

Nimble Storage Inc
(NYSE: NMBL)

-7.6%

25.6

27.52

Coupons.com Inc
(NYSE: COUP)

8.2%

19.73

18.81

FreeSeas Inc
(NASDAQ: FREE)

-7.5%

1.23

1.28

50 DMA

Ophthotech Corp
(NASDAQ: OPHT)

24.5%

39.16

33.47

Urban Outfitters Inc
(NASDAQ: URBN)

-8.8%

32.98

36.10

Red Robin Gourmet Burgers Inc
(NASDAQ: RRGB)

12.5%

71.80

68.77

General Moly Inc
(NYSE: GMO)

-7.3%

1.01

1.03

Sino Agro Foods Inc
(OTC BB: SIAF)

9.8%

0.47

0.44

Cato Corp/The
(NYSE: CATO)

-6.7%

28.37

28.39

EnteroMedics Inc
(NASDAQ: ETRM)

6.1%

1.90

1.87

Peregrine Semiconductor Corp
(NASDAQ: PSMI)

-5.5%

5.99

6.05

Hill International Inc
(NYSE: HIL)

5.3%

6.17

5.90

Christopher & Banks Corp
(NYSE: CBK)

-5.4%

6.28

6.36

200 DMA

Red Robin Gourmet Burgers Inc
(NASDAQ: RRGB)

12.5%

71.80

70.55

Callaway Golf Co
(NYSE: ELY)

-9.0%

7.60

8.21

Identive Group Inc
(NASDAQ: INVE)

10.6%

0.78

0.78

Adamis Pharmaceuticals Corp
(NASDAQ: ADMP)

-9.0%

6.08

6.49

Sino Agro Foods Inc
(OTC BB: SIAF)

9.8%

0.47

0.46

China Techfaith Wireless Communication Technology Ltd
(NASDAQ: CNTF)

-7.6%

1.57

1.66

China Mobile Games & Entertainment Group Ltd (NASDAQ: CMGE)

4.6%

21.17

21.08

Cato Corp/The
(NYSE: CATO)

-6.7%

28.37

28.99

Seaspan Corp
(NYSE: SSW)

3.2%

22.37

22.20

Ambarella Inc
(NASDAQ: AMBA)

-6.2%

23.24

24.47

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