Subscribe for free stock alerts!

Thursday, March 29, 2012

Canadian Top Gainers: (TSE: FVI.TO), (TSE: BLS.TO), (TSE: XG.TO), (TSE: CGA.TO), (TSE: PD.TO)

Fortuna Silver Mines Inc. (TSE: FVI): traded higher by 6.16% or $0.27/share to $4.65. In the past year, the shares have traded as low as $4.27 and as high as $7.58. On average, 432708 shares of FVI.TO exchange hands on a given day and today's volume is recorded at 125820. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $6.19 area where the stock may encounter resistance.

Boliden AB (TSE: BLS): traded higher by 5.17% or $0.75/share to $15.25. In the past year, the shares have traded as low as $10.05 and as high as $21.50. On average, 179 shares of BLS.TO exchange hands on a given day and today's volume is recorded at 500. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $16.59 represents resistance and the 200-day moving average of $14.89 would be an area of support.

Extorre Gold Mines Limited (TSE: XG): traded higher by 1.84% or $0.11/share to $6.10. In the past year, the shares have traded as low as $5.51 and as high as $14.84. On average, 290492 shares of XG.TO exchange hands on a given day and today's volume is recorded at 1800. 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 $7.55 area but be careful because the stock may face selling pressure at this level.

CGA Mining Limited (TSE: CGA): traded higher by 1.61% or $0.03/share to $1.89. In the past year, the shares have traded as low as $1.78 and as high as $3.14. On average, 609010 shares of CGA.TO exchange hands on a given day and today's volume is recorded at 3900. 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 $2.12 area but be careful because the stock may face selling pressure at this level.

Precision Drilling Corporation (TSE: PD): traded higher by 1.04% or $0.1/share to $9.75. In the past year, the shares have traded as low as $7.98 and as high as $17.20. On average, 1391270 shares of PD.TO exchange hands on a given day and today's volume is recorded at 53550. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $10.93 area where the stock may encounter resistance.