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Thursday, June 27, 2013

Canadian Top Losers: (TSE: CGG.TO), (TSE: T.TO), (TSE: TET.TO), (TSE: KAT.TO), (TSE: CIX.TO)

TSE (TSE: CGG): fell by 3.86% or $-0.1/share to $2.49. In the past year, the shares have traded as low as $2.36 and as high as $4.65. On average, 267847 shares of CGG.TO exchange hands on a given day and today's volume is recorded at 64095. 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 $2.90 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: T): fell by 2.96% or $-0.91/share to $29.79. In the past year, the shares have traded as low as $29.78 and as high as $37.94. On average, 1665930 shares of T.TO exchange hands on a given day and today's volume is recorded at 3354266. 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 $34.49 area where the stock may encounter resistance.

TSE (TSE: TET): fell by 2.43% or $-0.775/share to $31.13. In the past year, the shares have traded as low as $20.38 and as high as $33.14. On average, 201604 shares of TET.TO exchange hands on a given day and today's volume is recorded at 42491. 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 $31.29 represents resistance and the 200-day moving average of $29.36 would be an area of support.

TSE (TSE: KAT): fell by 1.69% or $-0.01/share to $0.58. In the past year, the shares have traded as low as $0.50 and as high as $0.93. On average, 81808 shares of KAT.TO exchange hands on a given day and today's volume is recorded at 1200. 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 $0.66 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: CIX): fell by 1.62% or $-0.5/share to $30.30. In the past year, the shares have traded as low as $21.52 and as high as $31.60. On average, 265611 shares of CIX.TO exchange hands on a given day and today's volume is recorded at 58079. 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 $30.29 area where the stock will likely see buying pressure.