In the Canadian markets, Veresen Inc (TSX: VSN) breached its key long term technical resistance level of 200-Day DMA (Daily Moving Average) at C$17.52 and gained 15% Tuesday. Soltoro Ltd (TSX: SOL), Pine Cliff Energy Ltd (TSX: PNE), Cortex Business Solutions Inc (TSX: CBX), and HudBay Minerals Inc (TSX: HBM) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Mood Media Corp (TSX: MM), Batero Gold Corp (TSXV: BAT), Opsens Inc (TSXV: OPS), IBI Group Inc (TSX: IBG), and Trimac Transportation Ltd (TSX: TMA).
Veresen Inc (TSX: VSN)-Technical Chart |
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In the U.S. markets, Scio Diamond Technology Corp (OTC BB: SCIO), Vanda Pharmaceuticals Inc (NASDAQ: VNDA), CIFC Corp (NASDAQ: CIFC), Cytokinetics Inc (NASDAQ: CYTK), and China Finance Online Co Ltd (NASDAQ: JRJC) witnessed strong price gains and breakouts above their 200 DMAs Tuesday. BioDelivery Sciences International Inc (NASDAQ: BDSI), Lannett Co Inc (NYSE: LCI), Ultragenyx Pharmaceutical Inc (NASDAQ: RARE), Alimera Sciences Inc (NASDAQ: ALIM), and Corcept Therapeutics Inc (NASDAQ: CORT) witnessed price declines and fell below their 200 DMAs Tuesday.
Breakouts – Canada |
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DMA |
Bullish |
Bearish |
||||||
Company |
One-day change |
Close |
DMA |
Company |
One-day change |
Close |
DMA |
|
30 DMA |
Canamax Energy Ltd |
27.0% |
0.80 |
0.64 |
Elcora Resources Corp |
-20.0% |
0.12 |
0.15 |
Alvopetro Energy Ltd/CA |
26.5% |
0.43 |
0.39 |
Katanga Mining Ltd |
-12.0% |
0.33 |
0.36 |
|
Lynden Energy Corp |
25.5% |
0.59 |
0.57 |
Orex Minerals Inc |
-7.4% |
0.25 |
0.26 |
|
MagIndustries Corp |
18.8% |
0.19 |
0.17 |
Scorpio Mining Corp |
-6.5% |
0.215 |
0.22 |
|
LGX OIL + GAS INC |
16.1% |
0.18 |
0.16 |
Shore Gold Inc |
-4.5% |
0.21 |
0.21 |
|
50 DMA |
Canamax Energy Ltd |
27.0% |
0.80 |
0.75 |
Katanga Mining Ltd |
-12.0% |
0.33 |
0.37 |
MagIndustries Corp |
18.8% |
0.19 |
0.17 |
Scorpio Mining Corp |
-6.5% |
0.215 |
0.23 |
|
Veresen Inc |
14.9% |
18.25 |
17.38 |
Shore Gold Inc |
-4.5% |
0.21 |
0.21 |
|
Focus Graphite Inc |
12.5% |
0.45 |
0.42 |
Rio Alto Mining Ltd |
-4.3% |
2.65 |
2.73 |
|
Pine Cliff Energy Ltd |
8.2% |
1.72 |
1.63 |
New Gold Inc |
-3.3% |
4.64 |
4.75 |
|
200 DMA |
Veresen Inc |
14.9% |
18.25 |
17.52 |
Mood Media Corp |
-6.8% |
0.55 |
0.57 |
Soltoro Ltd |
11.1% |
0.15 |
0.14 |
Batero Gold Corp |
-4.6% |
0.11 |
0.11 |
|
Pine Cliff Energy Ltd |
8.2% |
1.72 |
1.61 |
Opsens Inc |
-2.9% |
0.68 |
0.69 |
|
Cortex Business Solutions Inc |
5.0% |
0.11 |
0.10 |
IBI Group Inc |
-2.5% |
1.95 |
2.00 |
|
HudBay Minerals Inc |
3.6% |
9.72 |
9.66 |
Trimac Transportation Ltd |
-1.5% |
6.58 |
6.60 |
Breakouts – U.S. |
||||||||
DMA |
Bullish |
Bearish |
||||||
Company |
One-day change |
Close |
DMA |
Company |
One-day change |
Close |
DMA |
|
30 DMA |
Tecumseh Products Co |
26.9% |
3.73 |
3.07 |
Achillion Pharmaceuticals Inc |
-23.6% |
11.84 |
13.48 |
Cannabis Kinetics Corp |
23.5% |
0.42 |
0.35 |
Key Energy Services Inc |
-15.3% |
1.72 |
1.86 |
|
Armco Metals Holdings Inc |
21.2% |
0.18 |
0.17 |
Receptos Inc |
-13.5% |
118 |
120.43 |
|
ZaZa Energy Corp |
19.6% |
2.50 |
2.31 |
Alnylam Pharmaceuticals Inc |
-9.7% |
92.55 |
97.53 |
|
Gevo Inc |
14.5% |
0.38 |
0.37 |
Anacor Pharmaceuticals Inc |
-9.4% |
30.42 |
33.22 |
|
50 DMA |
Tecumseh Products Co |
26.9% |
3.73 |
3.28 |
Achillion Pharmaceuticals Inc |
-23.6% |
11.84 |
12.55 |
Cannabis Kinetics Corp |
23.5% |
0.42 |
0.39 |
Alnylam Pharmaceuticals Inc |
-9.7% |
92.55 |
94.81 |
|
Armco Metals Holdings Inc |
21.2% |
0.18 |
0.15 |
Anacor Pharmaceuticals Inc |
-9.4% |
30.42 |
31.12 |
|
ZaZa Energy Corp |
19.6% |
2.50 |
2.41 |
Geospace Technologies Corp |
-8.9% |
27.03 |
29.03 |
|
Gevo Inc |
14.5% |
0.38 |
0.35 |
Karyopharm Therapeutics Inc |
-6.6% |
36.5 |
38.88 |
|
200 DMA |
Scio Diamond Technology Corp |
25.6% |
0.49 |
0.39 |
BioDelivery Sciences International Inc |
-10.7% |
11.99 |
12.79 |
Vanda Pharmaceuticals Inc |
14.0% |
13.58 |
13.02 |
Lannett Co Inc |
-8.5% |
40.5 |
41.79 |
|
CIFC Corp |
13.8% |
9.67 |
8.66 |
Ultragenyx Pharmaceutical Inc |
-7.2% |
45.73 |
46.54 |
|
Cytokinetics Inc |
12.7% |
5.52 |
5.14 |
Alimera Sciences Inc |
-6.8% |
5.49 |
5.76 |
|
China Finance Online Co Ltd |
11.3% |
5.92 |
5.41 |
Corcept Therapeutics Inc |
-6.5% |
2.88 |
2.95 |
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