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Thursday, July 11, 2013

Canadian Top Losers: (TSE: ATH.TO), (TSE: BB.TO), (CVE: AOI.V), (TSE: LNF.TO), (TSE: BIR.TO)

TSE (TSE: ATH): fell by 2.75% or $-0.19/share to $6.73. In the past year, the shares have traded as low as $5.59 and as high as $14.05. On average, 1675070 shares of ATH.TO exchange hands on a given day and today's volume is recorded at 635342. 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 $6.92 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: BB): fell by 2.24% or $-0.22/share to $9.58. In the past year, the shares have traded as low as $6.10 and as high as $18.49. On average, 3909700 shares of BB.TO exchange hands on a given day and today's volume is recorded at 1484907. 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 $13.60 area but be careful because the stock may face selling pressure at this level.

CVE (CVE: AOI): fell by 2.06% or $-0.14/share to $6.65. In the past year, the shares have traded as low as $5.51 and as high as $10.80. On average, 296308 shares of AOI.V exchange hands on a given day and today's volume is recorded at 50593. 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 $7.07 area where the stock may encounter resistance.

TSE (TSE: LNF): fell by 2.00% or $-0.24/share to $11.77. In the past year, the shares have traded as low as $11.20 and as high as $14.75. On average, 13698 shares of LNF.TO exchange hands on a given day and today's volume is recorded at 16431. 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 $12.79 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: BIR): fell by 1.93% or $-0.17/share to $8.63. In the past year, the shares have traded as low as $5.93 and as high as $9.04. On average, 262848 shares of BIR.TO exchange hands on a given day and today's volume is recorded at 40595. 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 $8.57 area where the stock will likely see buying pressure.