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Tuesday, March 27, 2012

Canadian Top Losers: (TSE: CG.TO), (TSE: KAT.TO), (TSE: IMZ.TO), (TSE: WPT.TO), (TSE: BIR.TO)

Centerra Gold Inc. (TSE: CG): fell by 13.08% or $-2.11/share to $14.02. In the past year, the shares have traded as low as $14.56 and as high as $23.69. On average, 306556 shares of CG.TO exchange hands on a given day and today's volume is recorded at 557003. 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 $18.50 area but be careful because the stock may face selling pressure at this level.

Katanga Mining Limited (TSE: KAT): fell by 4.50% or $-0.05/share to $1.06. In the past year, the shares have traded as low as $0.88 and as high as $2.18. On average, 332919 shares of KAT.TO exchange hands on a given day and today's volume is recorded at 64400. 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 $1.17 area but be careful because the stock may face selling pressure at this level.

International Minerals Corporation (TSE: IMZ): fell by 2.68% or $-0.15/share to $5.45. In the past year, the shares have traded as low as $5.13 and as high as $8.22. On average, 65611 shares of IMZ.TO exchange hands on a given day and today's volume is recorded at 22580. 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.

Westport Innovations Inc. (TSE: WPT): fell by 2.06% or $-0.93/share to $44.23. In the past year, the shares have traded as low as $18.39 and as high as $49.68. On average, 169805 shares of WPT.TO exchange hands on a given day and today's volume is recorded at 29530. 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 $43.70 area where the stock will likely see buying pressure.

Birchcliff Energy Ltd. (TSE: BIR): fell by 1.85% or $-0.17/share to $9.04. In the past year, the shares have traded as low as $8.59 and as high as $15.58. On average, 531995 shares of BIR.TO exchange hands on a given day and today's volume is recorded at 33794. 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 $11.18 area but be careful because the stock may face selling pressure at this level.