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Wednesday, July 10, 2013

Canadian Top Losers: (TSE: HOC.TO), (TSE: SUO.TO), (TSE: NKO.TO), (TSE: BB.TO), (TSE: DSG.TO)

TSE (TSE: HOC): fell by 6.11% or $-0.14/share to $2.15. In the past year, the shares have traded as low as $2.00 and as high as $3.43. On average, 1592 shares of HOC.TO exchange hands on a given day and today's volume is recorded at 175. 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 $2.64 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: SUO): fell by 5.00% or $-0.01/share to $0.19. In the past year, the shares have traded as low as $0.00 and as high as $0.42. On average, 386783 shares of SUO.TO exchange hands on a given day and today's volume is recorded at 31377. 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 $0.23 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: NKO): fell by 4.49% or $-0.38/share to $8.08. In the past year, the shares have traded as low as $5.13 and as high as $20.94. On average, 509319 shares of NKO.TO exchange hands on a given day and today's volume is recorded at 321335. 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 $7.96 area where the stock will likely see buying pressure.

TSE (TSE: BB): fell by 4.41% or $-0.45/share to $9.75. In the past year, the shares have traded as low as $6.10 and as high as $18.49. On average, 3919010 shares of BB.TO exchange hands on a given day and today's volume is recorded at 1970380. 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 $13.75 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: DSG): fell by 3.04% or $-0.36/share to $11.49. In the past year, the shares have traded as low as $7.70 and as high as $12.51. On average, 129403 shares of DSG.TO exchange hands on a given day and today's volume is recorded at 8006. 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 $11.26 area where the stock will likely see buying pressure.