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Monday, July 15, 2013

Canadian Top Losers: (TSE: TBE.TO), (TSE: TXG.TO), (TSE: WIN.TO), (TSE: FM.TO), (TSE: CEN.TO)

TSE (TSE: TBE): fell by 15.83% or $-0.38/share to $2.02. In the past year, the shares have traded as low as $1.98 and as high as $3.02. On average, 1095330 shares of TBE.TO exchange hands on a given day and today's volume is recorded at 3037381. 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 $2.26 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: TXG): fell by 3.79% or $-0.05/share to $1.27. In the past year, the shares have traded as low as $1.12 and as high as $2.29. On average, 1733590 shares of TXG.TO exchange hands on a given day and today's volume is recorded at 71333. 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 $1.46 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: WIN): fell by 3.67% or $-0.18/share to $4.73. In the past year, the shares have traded as low as $3.64 and as high as $5.79. On average, 343241 shares of WIN.TO exchange hands on a given day and today's volume is recorded at 132460. 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 $4.53 area where the stock will likely see buying pressure.

TSE (TSE: FM): fell by 2.41% or $-0.38/share to $15.40. In the past year, the shares have traded as low as $14.22 and as high as $24.90. On average, 2475650 shares of FM.TO exchange hands on a given day and today's volume is recorded at 415671. 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 $16.81 area but be careful because the stock may face selling pressure at this level.

TSE (TSE: CEN): fell by 2.15% or $-0.34/share to $15.51. In the past year, the shares have traded as low as $12.54 and as high as $23.10. On average, 328541 shares of CEN.TO exchange hands on a given day and today's volume is recorded at 26077. 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 $18.78 represents resistance and the 50-day moving average of $15.46 would be an area of support.