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Tuesday, March 27, 2012

Canadian Top Gainers: (TSE: JDU.TO), (TSE: NBD.TO), (TSE: CEE.TO), (CVE: AOI.V)

JDS Uniphase Canada Ltd. (TSE: JDU): traded higher by 5.18% or $0.73/share to $14.82. In the past year, the shares have traded as low as $9.01 and as high as $21.55. On average, 10971 shares of JDU.TO exchange hands on a given day and today's volume is recorded at 8507. 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 $13.70 area where the stock will likely see buying pressure.

Norbord Inc. (TSE: NBD): traded higher by 4.10% or $0.48/share to $12.19. In the past year, the shares have traded as low as $7.12 and as high as $15.80. On average, 52286 shares of NBD.TO exchange hands on a given day and today's volume is recorded at 5759. 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 $10.91 area where the stock will likely see buying pressure.

Centamin Egypt Limited (TSE: CEE): traded higher by 3.31% or $0.04/share to $1.25. In the past year, the shares have traded as low as $1.15 and as high as $2.48. On average, 514287 shares of CEE.TO exchange hands on a given day and today's volume is recorded at 41358. 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 $1.37 area but be careful because the stock may face selling pressure at this level.

Africa Oil Corp. (CVE: AOI): traded higher by 2.99% or $0.1/share to $3.45. In the past year, the shares have traded as low as $1.10 and as high as $3.71. On average, 658176 shares of AOI.V exchange hands on a given day and today's volume is recorded at 1645714. 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 $2.13 area where the stock will likely see buying pressure.