Top Technical Breakout Stocks: True Gold Mining (TSXV: TGM) and Net Element (NASDAQ: NETE) Breaks 200-DMA

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In the Canadian markets, True Gold Mining Inc (TSXV: TGM) gained 9% Wednesday, piercing the long term 200 DMA (Daily Moving Average) of C$0.4. Focus Graphite Inc (TSXV: FMS), QHR Corp (TSXV: QHR), Gold Standard Ventures Corp (TSXV: GSV), and Trican Well Service Ltd (TSX: TCW) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Wesdome Gold Mines Ltd (TSX: WDO), Sherritt International Corp (TSX: S), Tricon Capital Group Inc (TSX: TCN), OceanaGold Corp (TSX: OGC), and Pretium Resources Inc (TSX: PVG).

True Gold Mining Inc (TSXV: TGM) – Technical Chart

True Gold Mining Inc (TSXV: TGM)

In the U.S. markets, Net Element Inc (NASDAQ: NETE), Synthesis Energy Systems Inc (NASDAQ: SYMX), NPS Pharmaceuticals Inc (NASDAQ: NPSP), MER Telemanagement Solutions (NASDAQ: MTSL), and Elephant Talk Communications Corp (NYSE: ETAK) witnessed strong price gains and breakouts above their 200 DMAs Wednesday. Pulse Electronics Corp (NYSE: PULS), GT Advanced Technologies Inc (NASDAQ: GTAT), Coffee Holding Co Inc (NASDAQ: JVA), Armada Oil Inc (OTC BB: AOIL), and Criteo SA (NASDAQ: CRTO) 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

Formation Fluid Management Inc
(TSXV: FFM)

25.6%

0.49

0.44

Hybrid PayTech World Inc
(CNSX: HPT)

-37.8%

0.12

0.17

Alpha Exploration Inc/Canada
(TSXV: AEX)

16.7%

0.18

0.17

Geomega Resources Inc
(TSXV: GMA)

-22.7%

0.26

0.28

Fission 3.0 Corp
(TSXV: FUU)

16.7%

0.11

0.10

Mega Precious Metals Inc
(TSXV: MGP)

-12.5%

0.11

0.11

Caledonia Mining Corp
(TSX: CAL)

13.2%

1.20

1.09

Montana Exploration Corp
(TSXV: MTZ)

-11.6%

0.19

0.20

UrtheCast Corp
(TSX: UR)

12.4%

1.18

1.16

POET Technologies Inc
(TSXV: PTK)

-9.9%

1.36

1.39

50 DMA

Formation Fluid Management Inc
(TSXV: FFM)

25.6%

0.49

0.46

Geomega Resources Inc
(TSXV: GMA)

-22.7%

0.26

0.31

Fission 3.0 Corp
(TSXV: FUU)

16.7%

0.11

0.10

Mega Precious Metals Inc
(TSXV: MGP)

-12.5%

0.11

0.11

Caledonia Mining Corp
(TSX: CAL)

13.2%

1.20

1.08

Montana Exploration Corp
(TSXV: MTZ)

-11.6%

0.19

0.20

New Millennium Iron Corp
(TSX: NML)

11.5%

0.34

0.32

Black Iron Inc
(TSX: BKI)

-7.7%

0.12

0.12

Critical Elements Corp
(TSXV: CRE)

10.9%

0.31

0.28

Terra Energy Corp
(TSX: TT)

-7.5%

0.37

0.39

200 DMA

True Gold Mining Inc
(TSXV: TGM)

9.3%

0.41

0.40

Wesdome Gold Mines Ltd
(TSX: WDO)

-4.9%

0.77

0.78

Focus Graphite Inc
(TSXV: FMS)

7.8%

0.55

0.52

Sherritt International Corp
(TSX: S)

-3.2%

3.89

3.98

QHR Corp
(TSXV: QHR)

5.9%

1.25

1.24

Tricon Capital Group Inc
(TSX: TCN)

-2.8%

7.67

7.73

Gold Standard Ventures Corp
(TSXV: GSV)

2.8%

0.74

0.72

OceanaGold Corp
(TSX: OGC)

-2.3%

2.54

2.57

Trican Well Service Ltd
(TSX: TCW)

1.4%

14.70

14.68

Pretium Resources Inc
(TSX: PVG)

-2.2%

7.11

7.13

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Net Element Inc
(NASDAQ: NETE)

119.7%

3.80

1.82

RXi Pharmaceuticals Corp
(NASDAQ: RXII)

-31.3%

2.44

2.76

Synthesis Energy Systems Inc
(NASDAQ: SYMX)

30.9%

1.44

1.20

Streamline Health Solutions Inc
(NASDAQ: STRM)

-15.5%

4.15

4.65

NPS Pharmaceuticals Inc
(NASDAQ: NPSP)

25.1%

32.24

28.42

Coffee Holding Co Inc
(NASDAQ: JVA)

-14.1%

6.20

6.54

Receptos Inc
(NASDAQ: RCPT)

23.9%

58.28

47.27

You On Demand Holdings Inc
(NASDAQ: YOD)

-10.5%

2.13

2.37

Cytokinetics Inc
(NASDAQ: CYTK)

17.2%

4.29

4.24

Novabay Pharmaceuticals Inc
(NYSE: NBY)

-8.4%

0.87

0.92

50 DMA

Net Element Inc
(NASDAQ: NETE)

119.7%

3.80

1.75

RXi Pharmaceuticals Corp
(NASDAQ: RXII)

-31.3%

2.44

2.69

Synthesis Energy Systems Inc
(NASDAQ: SYMX)

30.9%

1.44

1.36

Streamline Health Solutions Inc
(NASDAQ: STRM)

-15.5%

4.15

4.86

NPS Pharmaceuticals Inc
(NASDAQ: NPSP)

25.1%

32.24

29.01

Coffee Holding Co Inc
(NASDAQ: JVA)

-14.1%

6.20

6.55

Unilife Corp
(NASDAQ: UNIS)

13.8%

2.72

2.56

Armada Oil Inc
(OTC BB: AOIL)

-11.2%

0.20

0.20

Silver Spring Networks Inc
(NYSE: SSNI)

11.8%

11.77

11.10

Novabay Pharmaceuticals Inc
(NYSE: NBY)

-8.4%

0.87

0.92

200 DMA

Net Element Inc
(NASDAQ: NETE)

119.7%

3.80

2.71

Pulse Electronics Corp
(NYSE: PULS)

-21.9%

2.42

3.02

Synthesis Energy Systems Inc
(NASDAQ: SYMX)

30.9%

1.44

1.39

GT Advanced Technologies Inc
(NASDAQ: GTAT)

-14.5%

12.78

14.33

NPS Pharmaceuticals Inc
(NASDAQ: NPSP)

25.1%

32.24

30.27

Coffee Holding Co Inc
(NASDAQ: JVA)

-14.1%

6.20

6.47

MER Telemanagement Solutions
(NASDAQ: MTSL)

15.0%

1.99

1.85

Armada Oil Inc
(OTC BB: AOIL)

-11.2%

0.20

0.20

Elephant Talk Communications Corp
(NYSE: ETAK)

13.1%

1.12

1.10

Criteo SA
(NASDAQ: CRTO)

-5.6%

33.98

35.59

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