In the Canadian markets, Blackbird Energy Inc (TSXV: BBI) broke its key long term technical resistance level of 200-Day DMA (Daily Moving Average) at C$0.27 and gained 10% Monday. Pilot Gold Inc (TSX: PLG), Constantine Metal Resources Ltd (TSX: CEM), Silver Standard Resources Inc (TSX: SSO), and Crocodile Gold Corp (TSX: CRK) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Cancana Resources Corp (TSX: CNY), Barkerville Gold Mines Ltd (TSX: BGM), Spectra7 Microsystems Inc (TSX: SEV), Hyduke Energy Services Inc (TSX: HYD), and Crombie Real Estate Investment Trust (TSX: CRR-U).
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Blackbird Energy Inc (TSXV: BBI)-Technical Chart |
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Breakouts – Canada |
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DMA |
Bullish |
Bearish |
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Company |
One-day change |
Close |
DMA |
Company |
One-day change |
Close |
DMA |
|
|
30 DMA |
Bengal Energy Ltd |
33.3% |
0.28 |
0.24 |
Strategic Oil & Gas Ltd |
-12.5% |
0.175 |
0.19 |
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Gold Canyon Resources Inc |
12.5% |
0.14 |
0.12 |
Monument Mining Ltd |
-7.7% |
0.12 |
0.12 |
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China Gold International Resources Corp Ltd |
8.2% |
2.25 |
2.12 |
Condor Petroleum Inc/Canada |
-5.1% |
0.185 |
0.19 |
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Canadian Zinc Corp |
5.0% |
0.21 |
0.21 |
Engagement Labs Inc |
-5.0% |
0.475 |
0.48 |
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Intertain Group Ltd/The |
4.6% |
13.58 |
13.17 |
NTG Clarity Networks Inc |
-4.4% |
0.325 |
0.33 |
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50 DMA |
Bengal Energy Ltd |
33.3% |
0.28 |
0.28 |
Monument Mining Ltd |
-7.7% |
0.12 |
0.13 |
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Canacol Energy Ltd |
6.2% |
2.90 |
2.76 |
Excelsior Mining Corp |
-4.0% |
0.24 |
0.25 |
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Sabina Gold & Silver Corp |
5.6% |
0.38 |
0.37 |
Microbix Biosystems Inc |
-2.6% |
0.74 |
0.76 |
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Falcon Oil & Gas Ltd |
4.8% |
0.11 |
0.11 |
Peyto Exploration & Development Corp |
-2.1% |
33.21 |
33.74 |
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Labrador Iron Ore Royalty Corp |
4.0% |
18.27 |
17.95 |
Brazil Resources Inc |
-1.8% |
0.55 |
0.56 |
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|
200 DMA |
Blackbird Energy Inc |
9.8% |
0.28 |
0.27 |
Cancana Resources Corp |
-15.4% |
0.22 |
0.25 |
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Pilot Gold Inc |
6.2% |
1.20 |
1.19 |
Barkerville Gold Mines Ltd |
-8.3% |
0.33 |
0.33 |
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Constantine Metal Resources Ltd |
3.3% |
0.16 |
0.15 |
Spectra7 Microsystems Inc |
-5.5% |
0.52 |
0.52 |
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Silver Standard Resources Inc |
2.8% |
8.16 |
8.14 |
Hyduke Energy Services Inc |
-1.4% |
0.69 |
0.69 |
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Crocodile Gold Corp |
2.4% |
0.21 |
0.21 |
Crombie Real Estate Investment Trust |
-0.7% |
13.16 |
13.18 |
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