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Wednesday, July 3, 2013

Most popular Canadian stock searches for July 3 - (TSE: SVC.TO), (TSE: CLQ.TO)

The most popular stocks searched on Google Finance Canada for July 3 are Sandvine Corporation, and Canada Lithium Corp. These companies may be the most popular because of upcoming earnings, breaking news, extreme price movements, or other attention grabbing activities. Pay attention to these companies as they may have some hype that can create volatility which is great for trading.

Sandvine Corporation (TSE: SVC): fell by 4.74% or $-0.1/share to $2.01. In the past year, the shares have traded as low as $1.08 and as high as $2.25. On average, 213657 shares of SVC.TO exchange hands on a given day and today's volume is recorded at 1022787. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $2.01 represents resistance and the 200-day moving average of $1.90 would be an area of support.

Canada Lithium Corp. (TSE: CLQ): traded higher by 11.34% or $0.055/share to $0.54. In the past year, the shares have traded as low as $0.46 and as high as $0.96. On average, 794143 shares of CLQ.TO exchange hands on a given day and today's volume is recorded at 1124029. 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 $0.54 area but be careful because the stock may face selling pressure at this level.