Top Technical Breakout Stocks: Zenn Motor Co (TSXV: ZNN) and Arch Therapeutics (OTC BB: ARTH) Break 200-DMA

Published:

In the Canadian markets, Zenn Motor Co Inc (TSXV: ZNN) breached its key long term technical resistance level of 200-Day DMA (Daily Moving Average) at C$0.35 and gained 35% Monday. Bayfield Ventures Corp (TSX: BYV), Eldorado Gold Corp (TSX: ELD), Centerra Gold Inc (TSX: CG), and InnVest Real Estate Investment Trust (TSX: INN-U) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Theralase Technologies Inc (TSX: TLT), Veresen Inc (TSX: VSN), Transcontinental Inc (TSX: TCL/A), Genesis Land Development Corp (TSX: GDC), and Celestica Inc (TSX: CLS).

Zenn Motor Co Inc (TSXV: ZNN)-Technical Chart

Zenn Motor Co Inc (TSXV: ZNN)

In the U.S. markets, Arch Therapeutics Inc (OTC BB: ARTH), Insignia Systems Inc (NASDAQ: ISIG), Houghton Mifflin Harcourt Co (NASDAQ: HMHC), American Homes 4 Rent (NYSE: AMH), and Shanda Games Ltd (NASDAQ: GAME) witnessed strong price gains and breakouts above their 200 DMAs Monday. Delek Logistics Partners LP (NYSE: DKL), POZEN Inc (NASDAQ: POZN), FreightCar America Inc (NASDAQ: RAIL), Overland Storage Inc (NASDAQ: OVRL), and Mitek Systems Inc (NASDAQ: MITK) witnessed price declines and fell below their 200 DMAs Monday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

IAMGOLD Corp
(TSX: IMG)

17.9%

2.64

2.40

IOU Financial Inc
(TSX: IOU)

-19.8%

0.385

0.46

Kaizen Discovery Inc
(TSX: KZD)

16.7%

0.42

0.37

Arena Minerals Inc
(TSX: AN)

-17.6%

0.14

0.17

China Gold International Resources Corp Ltd
(TSX: CGG)

13.6%

2.67

2.50

East West Petroleum Corp
(TSX: EW)

-17.2%

0.12

0.14

New Gold Inc
(TSX: NGD)

13.2%

5.16

4.61

Theralase Technologies Inc
(TSX: TLT)

-7.4%

0.315

0.34

AuRico Gold Inc
(TSX: AUQ)

12.8%

4.32

4.08

Crius Energy Trust
(TSX: KWH-U)

-7.2%

4.79

5.13

50 DMA

IAMGOLD Corp
(TSX: IMG)

17.9%

2.64

2.63

RDX Technologies Corp
(TSX: RDX)

-22.5%

0.62

0.73

Kaizen Discovery Inc
(TSX: KZD)

16.7%

0.42

0.39

East West Petroleum Corp
(TSX: EW)

-17.2%

0.12

0.14

Aurcana Corp
(TSX: AUN)

15.9%

0.37

0.34

Mega Uranium Ltd
(TSX: MGA)

-10.0%

0.18

0.18

New Gold Inc
(TSX: NGD)

13.2%

5.16

5.00

SENSIO Technologies Inc
(TSX: SIO)

-9.3%

0.195

0.20

AuRico Gold Inc
(TSX: AUQ)

12.8%

4.32

4.06

Crius Energy Trust
(TSX: KWH-U)

-7.2%

4.79

5.01

200 DMA

Zenn Motor Co Inc
(TSXV: ZNN)

35.0%

0.41

0.35

Theralase Technologies Inc
(TSX: TLT)

-7.4%

0.32

0.33

Bayfield Ventures Corp
(TSX: BYV)

14.3%

0.24

0.24

Veresen Inc
(TSX: VSN)

-5.0%

17

17.53

Eldorado Gold Corp
(TSX: ELD)

9.5%

7.81

7.46

Transcontinental Inc
(TSX: TCL/A)

-3.6%

14.79

15.16

Centerra Gold Inc
(TSX: CG)

7.1%

5.58

5.48

Genesis Land Development Corp
(TSX: GDC)

-3.3%

4.14

4.22

InnVest Real Estate Investment Trust
(TSX: INN-U)

1.5%

5.38

5.30

Celestica Inc
(TSX: CLS)

-3.3%

11.88

12.00

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Paramount Gold and Silver Corp
(NYSE: PZG)

22.7%

0.81

0.70

Power Solutions International Inc
(NASDAQ: PSIX)

-17.7%

54.02

64.64

Sophiris Bio Inc
(NASDAQ: SPHS)

19.6%

2.83

2.63

OmniVision Technologies Inc
(NASDAQ: OVTI)

-12.9%

25.18

26.94

MediciNova Inc
(NASDAQ: MNOV)

19.3%

3.64

3.33

Iao Kun Group Holding Co Ltd
(NASDAQ: IKGH)

-12.7%

1.72

1.96

ImmunoCellular Therapeutics Ltd
(NYSE: IMUC)

18.8%

0.71

0.65

Crestwood Equity Partners LP
(NYSE: CEQP)

-12.6%

7.87

8.90

Allied Nevada Gold Corp
(NYSE: ANV)

18.5%

1.73

1.63

Golden Minerals Co
(NYSE: AUMN)

-12.3%

0.54

0.59

50 DMA

Paramount Gold and Silver Corp
(NYSE: PZG)

22.7%

0.81

0.75

Power Solutions International Inc
(NASDAQ: PSIX)

-17.7%

54.02

64.34

Sophiris Bio Inc
(NASDAQ: SPHS)

19.6%

2.83

2.76

POZEN Inc
(NASDAQ: POZN)

-14.2%

7.63

8.52

MediciNova Inc
(NASDAQ: MNOV)

19.3%

3.64

3.36

OmniVision Technologies Inc
(NASDAQ: OVTI)

-12.9%

25.18

26.51

IsoRay Inc
(NYSE: ISR)

13.6%

1.84

1.63

Golden Minerals Co
(NYSE: AUMN)

-12.3%

0.54

0.61

FalconStor Software Inc
(NASDAQ: FALC)

13.5%

1.18

1.11

Container Store Group Inc/The
(NYSE: TCS)

-11.5%

19.28

20.07

200 DMA

Arch Therapeutics Inc
(OTC BB: ARTH)

7.2%

0.25

0.24

Delek Logistics Partners LP
(NYSE: DKL)

-16.7%

30.80

36.16

Insignia Systems Inc
(NASDAQ: ISIG)

4.7%

3.10

3.08

POZEN Inc
(NASDAQ: POZN)

-14.2%

7.63

8.38

Houghton Mifflin Harcourt Co
(NASDAQ: HMHC)

1.0%

19.42

19.31

FreightCar America Inc
(NASDAQ: RAIL)

-8.4%

26.49

27.47

American Homes 4 Rent
(NYSE: AMH)

0.8%

17.33

17.27

Overland Storage Inc
(NASDAQ: OVRL)

-7.9%

3.48

3.74

Shanda Games Ltd
(NASDAQ: GAME)

0.3%

6.57

6.57

Mitek Systems Inc
(NASDAQ: MITK)

-7.8%

3.19

3.33

Related articles

Recent articles