Canada: Potential breakouts

A quick follow-up on the three stocks mentioned earlier in the week.

You can run the screen yourself on Incredible Charts:

  1. Open the Stock Screener
  2. Click the Shared tab
  3. Click the Edit link next to #48895 TMX Potential Breakouts
  4. Review the filters then click the Run Screen button.

Here is what to look for:

Husky Energy (HSE) broke through resistance at 26.00. 63-day Twiggs Momentum oscillator rises above zero, confirming a primary up-trend. 21-day Twiggs Money Flow holding above zero indicates buying pressure.

HSE: Husky Energy

Crew Energy (CR) broke resistance a few weeks ago and is now retracing to test the new support level.  Respect of support would confirm the primary up-trend.

CR: Crew Energy

Bank of Nova Scotia (BNS) is testing resistance at 55.00. Breakout would confirm the strong buying pressure and 63-day Twiggs Momentum recovery above zero.

BNS: Bank of Nova Scotia