A popular trading technique involves timing the market through a crossover of a stock’s moving averages. This involves a crossover of a stock’s 50-Day and 200-Day Simple Moving Average (SMA). A 50-Day SMA moving above the 200-Day SMA implies a buying signal, and vice versa. The logic here lies with technically predicting an upward trend in a stock’s price right before one is about to occur, and these five companies fit the bill.
Anthem United Inc. (TSXV: AFY) – $0.40
Gold& Silver
Anthem United Inc., formerly Turnberry Resources, is focused on building a precious metals producing company through the acquisition and development of silver and gold mineral assets. The Company is currently advancing the development, construction and operation of the 350 tonne per day Koricancha Mill in Peru.
- Market Cap: $27,640,773
- 50-Day SMA: $0.42
- 200-Day SMA: $0.43
Legumex Walker Inc. (TSX: LWP) – $3.38
Fishing & Farming
Legumex Walker Inc. is a Canada-based processor and merchandiser of pulses, special crops and canola products. The Company has operations in Canada, in the U.S. and in China. The Company’s portfolio of products includes grades of pulses, including lentils, whole and split peas, edible beans and chickpeas, as well as other special crops, such as canary seed, flaxseeds, sunflower seed, and canola oil and canola meal. The Company sources products from a network of about 18,000 growers. It processes these crops at approximately 15 crops processing facilities located in Saskatchewan, Manitoba, and Minnesota, as well as at its two processing facilities in China.
- Market Cap: $55,406,557
- 50-Day SMA: $3.52
- 200-Day SMA: $3.57
Hammond Power Solutions Inc. (TSX: HPS.A) – $6.75
Heavy Electrical Equipment
Hammond Power Solutions Inc. (HPS) develops and manufactures dry-type custom electrical engineered magnetics, electrical dry-type and cast resin transformers. HPS’s transformers are sourced for some applications and in the harshest environments. The Company’s products are available in four categories: Control and Automation, Low Voltage Distribution, Medium Voltage Distribution and Potted and Specialty. The Company has its operations in Canada, the United States, Mexico, Italy, and India.
- Market Cap: $60,548,593
- 50-Day SMA: $6.80
- 200-Day SMA: $6.90
Conifex Timber Inc. (TSX: CFF) – $7.20
Forest & Wood Products
Conifex Timber Inc. is a Canada-based softwood forest products company in which its primary business is the manufacture of structural grade SPF dimension lumber, timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, value added lumber finishing, marketing and distribution. The facilities in Fort St. James and Mackenzie are capable of producing construction grade and select grade dimension lumber as well as J-grade for the Japanese market. Services provided include Geographical Information Services (GIS) products and services, Strategic planning, Management systems development (Safety, Environment), Timber cruising, Cut-block and road layout, Timber appraisals, Harvest contract management and supervision, Bridge inspections, Silviculture surveys, assessments and supervision, Waste surveying, Scaling, Forest Investment Account management and Forests for Tomorrow Recipient management.
- Market Cap: $151,898,930
- 50-Day SMA: $6.99
- 200-Day SMA: $7.10
VersaPay Corp. (TSXV: VPY) – $1.36
Business Support Services
VersaPay Corporation (VersaPay) is a Canada-based financial technology company that delivers payment solutions for businesses. Through its VersaPay Solutions group, VersaPay focuses on electronic invoice presentment and payment with Arc platform (Accounts Receivable Cloud), which is a cloud-based software solution designed for mid-sized businesses. Through its POS Merchant Services group (POS), VersaPay provides businesses with access to networks that process credit and debit card payments, the acquisition and installation of payment processing technology, and training and support for the card payment infrastructure. The POS segment provides financial services to merchants in Canada and the United States.
- Market Cap: $30,142,618
- 500-Day SMA: $1.32
- 200-Day SMA: $1.34
