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Monday, July 15, 2013

Canadian Top Gainers: (TSE: SC.TO), (TSE: L.TO), (TSE: PXX.TO), (TSE: WN.TO), (TSE: NG.TO)

TSE (TSE: SC): traded higher by 26.57% or $12.86/share to $61.26. In the past year, the shares have traded as low as $40.03 and as high as $49.00. On average, 674495 shares of SC.TO exchange hands on a given day and today's volume is recorded at 3695277. 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 $46.67 area where the stock will likely see buying pressure.

TSE (TSE: L): traded higher by 8.62% or $4.1/share to $51.65. In the past year, the shares have traded as low as $31.15 and as high as $50.81. On average, 752192 shares of L.TO exchange hands on a given day and today's volume is recorded at 5070982. 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 $48.15 area where the stock will likely see buying pressure.

TSE (TSE: PXX): traded higher by 6.25% or $0.11/share to $1.87. In the past year, the shares have traded as low as $1.36 and as high as $4.08. On average, 689979 shares of PXX.TO exchange hands on a given day and today's volume is recorded at 66715. 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 $2.36 represents resistance and the 50-day moving average of $1.85 would be an area of support.

TSE (TSE: WN): traded higher by 5.50% or $4.58/share to $87.86. In the past year, the shares have traded as low as $57.92 and as high as $85.83. On average, 106863 shares of WN.TO exchange hands on a given day and today's volume is recorded at 78053. 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 $82.48 area where the stock will likely see buying pressure.

TSE (TSE: NG): traded higher by 4.78% or $0.1/share to $2.19. In the past year, the shares have traded as low as $1.99 and as high as $6.14. On average, 250403 shares of NG.TO exchange hands on a given day and today's volume is recorded at 43343. 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 $2.33 area but be careful because the stock may face selling pressure at this level.