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Tuesday, July 2, 2013

Canadian Top Gainers: (TSE: XSR.TO), (TSE: ESL.TO), (TSE: ATH.TO), (TSE: PDN.TO), (TSE: ATP.TO)

TSE (TSE: XSR): traded higher by 5.76% or $0.4/share to $7.35. In the past year, the shares have traded as low as $3.40 and as high as $6.96. On average, 87865 shares of XSR.TO exchange hands on a given day and today's volume is recorded at 276349. 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 $6.55 area where the stock will likely see buying pressure.

TSE (TSE: ESL): traded higher by 4.93% or $1.17/share to $24.91. In the past year, the shares have traded as low as $13.15 and as high as $24.49. On average, 27759 shares of ESL.TO exchange hands on a given day and today's volume is recorded at 2550. 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 $23.18 area where the stock will likely see buying pressure.

TSE (TSE: ATH): traded higher by 4.92% or $0.32/share to $6.83. In the past year, the shares have traded as low as $5.59 and as high as $14.05. On average, 1678570 shares of ATH.TO exchange hands on a given day and today's volume is recorded at 569709. 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 $8.78 represents resistance and the 50-day moving average of $6.77 would be an area of support.

TSE (TSE: PDN): traded higher by 4.65% or $0.04/share to $0.90. In the past year, the shares have traded as low as $0.75 and as high as $1.52. On average, 654180 shares of PDN.TO exchange hands on a given day and today's volume is recorded at 87413. 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 $0.93 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: ATP): traded higher by 4.37% or $0.18/share to $4.30. In the past year, the shares have traded as low as $4.04 and as high as $15.12. On average, 443106 shares of ATP.TO exchange hands on a given day and today's volume is recorded at 113556. 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 $4.79 area but be careful because the stock may face selling pressure at this level.