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Monday, March 26, 2012

Canadian Top Losers: (TSE: IMZ.TO), (TSE: AZD.TO), (TSE: SNC.TO), (TSE: FVI.TO), (TSE: BDI.TO)

International Minerals Corporation (TSE: IMZ): fell by 4.51% or $-0.26/share to $5.51. In the past year, the shares have traded as low as $5.13 and as high as $8.22. On average, 65726 shares of IMZ.TO exchange hands on a given day and today's volume is recorded at 15728. 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 $5.58 area but be careful because the stock may face selling pressure at this level.

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, 48308 shares of AZD.TO exchange hands on a given day and today's volume is recorded at 2770. 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 $1.68 area but be careful because the stock may face selling pressure at this level.

SNC-Lavalin Group Inc. (TSE: SNC): fell by 2.50% or $-0.98/share to $38.29. In the past year, the shares have traded as low as $36.56 and as high as $59.97. On average, 770305 shares of SNC.TO exchange hands on a given day and today's volume is recorded at 289130. 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 $44.39 area but be careful because the stock may face selling pressure at this level.

Fortuna Silver Mines Inc. (TSE: FVI): fell by 1.46% or $-0.09/share to $6.08. In the past year, the shares have traded as low as $4.41 and as high as $7.58. On average, 366470 shares of FVI.TO exchange hands on a given day and today's volume is recorded at 83753. 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 $6.22 area where the stock may encounter resistance.

Black Diamond Group Limited (TSE: BDI): fell by 1.06% or $-0.21/share to $19.52. On average, 0 shares of BDI.TO exchange hands on a given day and today's volume is recorded at 600.