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Thursday, July 11, 2013

Canadian Top Gainers: (TSE: CNL.TO), (TSE: DPM.TO), (TSE: ELD.TO), (TSE: ANV.TO), (TSE: AR.TO)

TSE (TSE: CNL): traded higher by 23.67% or $0.8/share to $4.18. In the past year, the shares have traded as low as $2.71 and as high as $10.03. On average, 395398 shares of CNL.TO exchange hands on a given day and today's volume is recorded at 666551. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $5.87 represents resistance and the 50-day moving average of $3.81 would be an area of support.

TSE (TSE: DPM): traded higher by 13.05% or $0.56/share to $4.85. In the past year, the shares have traded as low as $1.47 and as high as $8.00. On average, 376308 shares of DPM.TO exchange hands on a given day and today's volume is recorded at 280227. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $6.79 represents resistance and the 50-day moving average of $4.48 would be an area of support.

TSE (TSE: ELD): traded higher by 7.23% or $0.46/share to $6.82. In the past year, the shares have traded as low as $5.82 and as high as $15.78. On average, 2512050 shares of ELD.TO exchange hands on a given day and today's volume is recorded at 1391630. 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 $7.18 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: ANV): traded higher by 7.03% or $0.4/share to $6.09. In the past year, the shares have traded as low as $5.62 and as high as $40.15. On average, 347560 shares of ANV.TO exchange hands on a given day and today's volume is recorded at 179359. 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 $7.23 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: AR): traded higher by 6.98% or $0.4/share to $6.13. In the past year, the shares have traded as low as $5.03 and as high as $11.08. On average, 782397 shares of AR.TO exchange hands on a given day and today's volume is recorded at 504217. 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 $6.67 area but be careful because the stock may face selling pressure at this level.