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Wednesday, March 28, 2012

Canadian Top Gainers: (TSE: CG.TO), (CVE: LCC.V), (TSE: LNR.TO), (TSE: IMZ.TO), (TSE: PRE.TO)

Centerra Gold Inc. (TSE: CG): traded higher by 5.84% or $0.8/share to $14.50. In the past year, the shares have traded as low as $12.65 and as high as $23.69. On average, 333436 shares of CG.TO exchange hands on a given day and today's volume is recorded at 532917. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $18.35 area but be careful because the stock may face selling pressure at this level.

Lumina Copper Corp. (CVE: LCC): traded higher by 2.17% or $0.36/share to $16.92. In the past year, the shares have traded as low as $5.35 and as high as $16.60. On average, 45938 shares of LCC.V exchange hands on a given day and today's volume is recorded at 36152. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $15.44 area where the stock will likely see buying pressure.

Linamar Corporation (TSE: LNR): traded higher by 2.05% or $0.43/share to $21.41. In the past year, the shares have traded as low as $12.55 and as high as $22.36. On average, 59430 shares of LNR.TO exchange hands on a given day and today's volume is recorded at 18332. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $19.10 area where the stock will likely see buying pressure.

International Minerals Corporation (TSE: IMZ): traded higher by 1.89% or $0.1/share to $5.40. In the past year, the shares have traded as low as $5.13 and as high as $8.22. On average, 65268 shares of IMZ.TO exchange hands on a given day and today's volume is recorded at 100. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $5.57 area but be careful because the stock may face selling pressure at this level.

Pacific Rubiales Energy Corp. (TSE: PRE): traded higher by 1.23% or $0.35/share to $28.79. In the past year, the shares have traded as low as $18.03 and as high as $31.10. On average, 959129 shares of PRE.TO exchange hands on a given day and today's volume is recorded at 239495. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $28.48 area where the stock will likely see buying pressure.