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Friday, March 23, 2012

Canadian Top Losers: (CVE: SSL.V), (TSE: ARE.TO), (TSE: AZD.TO), (TSE: AAV.TO), (TSE: BDI.TO)

Sandstorm Gold Ltd. (CVE: SSL): fell by 3.17% or $-0.06/share to $1.83. In the past year, the shares have traded as low as $0.87 and as high as $2.02. On average, 1917580 shares of SSL.V exchange hands on a given day and today's volume is recorded at 1151084. 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 $1.67 area where the stock will likely see buying pressure.

Aecon Group Inc. (TSE: ARE): fell by 2.86% or $-0.38/share to $12.91. In the past year, the shares have traded as low as $6.62 and as high as $13.76. On average, 312528 shares of ARE.TO exchange hands on a given day and today's volume is recorded at 484677. 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 $12.34 area where the stock will likely see buying pressure.

Azure Dynamics Corporation (TSE: AZD): fell by 2.67% or $-0.02/share to $0.73. In the past year, the shares have traded as low as $0.65 and as high as $13.60. On average, 46769 shares of AZD.TO exchange hands on a given day and today's volume is recorded at 95264. 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 $1.73 area but be careful because the stock may face selling pressure at this level.

Advantage Oil & Gas Ltd. (TSE: AAV): fell by 2.47% or $-0.09/share to $3.55. In the past year, the shares have traded as low as $3.35 and as high as $9.00. On average, 996887 shares of AAV.TO exchange hands on a given day and today's volume is recorded at 142408. 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 $3.78 area but be careful because the stock may face selling pressure at this level.

Black Diamond Group Limited (TSE: BDI): fell by 2.13% or $-0.42/share to $19.34. On average, 0 shares of BDI.TO exchange hands on a given day and today's volume is recorded at 12230.