Top Technical Breakout Stocks: POET Technologies (TSXV: PTK) and Providence Service (NASDAQ: PRSC) Break 200-DMA

Published:

In the Canadian markets, POET Technologies Inc (TSXV: PTK) breached its key long term technical resistance level of 200-Day DMA (Daily Moving Average) at C$1.44 and gained 10% Friday. Stakeholder Gold Corp (TSX: SRC), Levon Resources Ltd (TSX: LVN), Transat AT Inc (TSX: TRZ/B), and H&R Real Estate Investment Trust (TSX: HR-U) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Questor Technology Inc (TSX: QST), Junex Inc (TSX: JNX), Constantine Metal Resources Ltd (TSX: CEM), Centerra Gold Inc (TSX: CG), and Eldorado Gold Corp (TSX: ELD).

POET Technologies Inc (TSXV: PTK)-Technical Chart

POET Technologies Inc (TSXV: PTK)

In the U.S. markets, Providence Service Corp/The (NASDAQ: PRSC), Cerus Corp (NASDAQ: CERS), Telephone & Data Systems Inc (NYSE: TDS), Newcastle Investment Corp (NYSE: NCT), and Douglas Emmett Inc (NYSE: DEI) witnessed strong price gains and breakouts above their 200 DMAs Friday. Synergy Resources Corp (NYSE: SYRG), Greenbrier Cos Inc/The (NYSE: GBX), ENGlobal Corp (NASDAQ: ENG), Helix Energy Solutions Group Inc (NYSE: HLX), and Green Plains Inc (NASDAQ: GPRE) witnessed price declines and fell below their 200 DMAs Friday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

iLOOKABOUT Corp
(TSX: ILA)

29.6%

0.35

0.29

Questor Technology Inc
(TSX: QST)

-16.6%

3.32

3.64

ThermoCeramix Corp
(TSX: TCX)

23.6%

0.68

0.57

ATAC Resources Ltd
(TSX: ATC)

-15.0%

0.51

0.54

dynaCERT Inc
(TSX: DYA)

17.2%

0.17

0.17

Rubicon Minerals Corp
(TSX: RMX)

-13.2%

1.12

1.16

Alterra Power Corp
(TSX: AXY)

10.9%

0.36

0.33

Constantine Metal Resources Ltd
(TSX: CEM)

-12.5%

0.14

0.15

Snipp Interactive Inc
(TSX: SPN)

10.4%

0.37

0.34

OceanaGold Corp
(TSX: OGC)

-11.8%

2.09

2.22

50 DMA

iLOOKABOUT Corp
(TSX: ILA)

29.6%

0.35

0.29

Questor Technology Inc
(TSX: QST)

-16.6%

3.32

3.58

ThermoCeramix Corp
(TSX: TCX)

23.6%

0.68

0.61

ATAC Resources Ltd
(TSX: ATC)

-15.0%

0.51

0.59

Red Eagle Mining Corp
(TSX: RD)

10.0%

0.28

0.27

Rubicon Minerals Corp
(TSX: RMX)

-13.2%

1.12

1.27

IC Potash Corp
(TSX: ICP)

6.3%

0.26

0.25

OceanaGold Corp
(TSX: OGC)

-11.8%

2.09

2.29

Stakeholder Gold Corp
(TSX: SRC)

5.1%

0.21

0.20

Asanko Gold Inc
(TSX: AKG)

-11.6%

1.91

2.09

200 DMA

POET Technologies Inc
(TSXV: PTK)

10.1%

1.53

1.44

Questor Technology Inc
(TSX: QST)

-16.6%

3.32

3.45

Stakeholder Gold Corp
(TSX: SRC)

5.1%

0.21

0.20

Junex Inc
(TSX: JNX)

-14.5%

0.47

0.53

Levon Resources Ltd
(TSX: LVN)

3.7%

0.28

0.28

Constantine Metal Resources Ltd
(TSX: CEM)

-12.5%

0.14

0.15

Transat AT Inc
(TSX: TRZ/B)

3.5%

9.08

8.94

Centerra Gold Inc
(TSX: CG)

-9.4%

5.21

5.48

H&R Real Estate Investment Trust
(TSX: HR-U)

1.8%

22.73

22.72

Eldorado Gold Corp
(TSX: ELD)

-7.6%

7.13

7.46

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Aoxing Pharmaceutical Co Inc
(NYSE: AXN)

20.0%

0.30

0.27

Goodrich Petroleum Corp
(NYSE: GDP)

-34.2%

6.05

8.96

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

17.2%

25.58

23.59

Gastar Exploration Inc
(NYSE: GST)

-25.7%

2.95

3.96

China New Borun Corp
(NYSE: BORN)

15.4%

1.62

1.60

ZaZa Energy Corp
(NASDAQ: ZAZA)

-21.3%

2.259

2.81

Save the World Air Inc
(OTC BB: ZERO)

12.2%

0.54

0.54

RSP Permian Inc
(NYSE: RSPP)

-18.6%

21.76

25.64

Vringo Inc
(NASDAQ: VRNG)

11.4%

0.97

0.96

Synergy Resources Corp
(NYSE: SYRG)

-18.5%

9.81

11.60

50 DMA

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

17.2%

25.58

22.62

RSP Permian Inc
(NYSE: RSPP)

-18.6%

21.76

25.27

Bio Blast Pharma Ltd
(NASDAQ: ORPN)

16.0%

6.90

6.11

Synergy Resources Corp
(NYSE: SYRG)

-18.5%

9.81

11.58

Vringo Inc
(NASDAQ: VRNG)

11.4%

0.97

0.94

GasLog Ltd
(NYSE: GLOG)

-17.3%

17.64

20.58

Mecox Lane Ltd
(NASDAQ: MCOX)

6.1%

3.80

3.68

RADA Electronic Industries Ltd
(NASDAQ: RADA)

-15.0%

2.43

2.50

Retrophin Inc
(NASDAQ: RTRX)

4.0%

10.10

9.91

Greenbrier Cos Inc/The
(NYSE: GBX)

-15.0%

55.48

62.66

200 DMA

Providence Service Corp/The
(NASDAQ: PRSC)

5.5%

39.13

38.85

Synergy Resources Corp
(NYSE: SYRG)

-18.5%

9.81

11.63

Cerus Corp
(NASDAQ: CERS)

3.2%

4.53

4.41

Greenbrier Cos Inc/The
(NYSE: GBX)

-15.0%

55.48

57.81

Telephone & Data Systems Inc
(NYSE: TDS)

2.9%

25.56

25.42

ENGlobal Corp
(NASDAQ: ENG)

-12.8%

2.31

2.38

Newcastle Investment Corp
(NYSE: NCT)

1.4%

4.91

4.88

Helix Energy Solutions Group Inc
(NYSE: HLX)

-10.4%

22.87

24.41

Douglas Emmett Inc
(NYSE: DEI)

1.3%

27.84

27.66

Green Plains Inc
(NASDAQ: GPRE)

-10.1%

30.01

33.20

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