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Friday, July 12, 2013

Canadian Top Gainers: (TSE: CGO.TO), (TSE: NKO.TO), (TSE: PRE.TO), (TSE: PTI.TO), (TSE: CTC.TO)

TSE (TSE: CGO): traded higher by 6.20% or $2.69/share to $46.05. In the past year, the shares have traded as low as $30.51 and as high as $44.13. On average, 4848 shares of CGO.TO exchange hands on a given day and today's volume is recorded at 5972. 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 $40.95 area where the stock will likely see buying pressure.

TSE (TSE: NKO): traded higher by 4.78% or $0.4/share to $8.76. In the past year, the shares have traded as low as $5.13 and as high as $20.94. On average, 505572 shares of NKO.TO exchange hands on a given day and today's volume is recorded at 125611. 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 $8.03 area where the stock will likely see buying pressure.

TSE (TSE: PRE): traded higher by 3.02% or $0.58/share to $19.76. In the past year, the shares have traded as low as $17.55 and as high as $26.12. On average, 834113 shares of PRE.TO exchange hands on a given day and today's volume is recorded at 293857. 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 $20.34 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: PTI): traded higher by 2.72% or $0.16/share to $6.05. In the past year, the shares have traded as low as $2.41 and as high as $6.10. On average, 39486 shares of PTI.TO exchange hands on a given day and today's volume is recorded at 7387. 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 $5.74 area where the stock will likely see buying pressure.

TSE (TSE: CTC): traded higher by 2.56% or $2.4/share to $96.00. In the past year, the shares have traded as low as $74.03 and as high as $98.99. On average, 519 shares of CTC.TO exchange hands on a given day and today's volume is recorded at 300. 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 $93.79 area where the stock will likely see buying pressure.