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Today, the weekly oil inventory report released by the U.S. Energy Information Administration at 11 a.m. (ET) may move the price of oil, which is currently relatively unchanged ahead of the report.

On Wednesday, North American equity markets stabilized.

To recap, in the U.S., the Dow Jones Industrial Average climbed 0.09 per cent, the S&P 500 Index gained 0.11 per cent, and the Nasdaq composite index declined 0.15 per cent.

In Canada, the S&P/TSX composite index added 69 points, or 0.48 per cent to close at 14,619. Strength was led by a bounce back in gold stocks, and nine of the 11 sectors in the Index closed the day in positive territory. There were 162 securities in the TSX Index that advanced, 81 securities declined in value, and four stocks closed the day unchanged.

The S&P/TSX composite index is down 0.73 per cent month to date, and up 12.37 per cent year to date.

On today's TSX Breakouts report, there are 30 securities on the positive breakouts list (stocks with positive price momentum) and 15 securities on the negative breakouts list (stocks with negative price momentum).

As always, I try to highlight a variety of companies to appeal to a broad range of investors. Discussed today is a small-cap industrial stock that since the beginning of September has gained coverage from two analysts, both of whom are forecasting solid potential returns. If they are correct, this stock is one that may appear on the positive breakouts list in the near future. The stock I am referring to is StorageVault Canada Inc. (SVI-X).

A brief outline is provided below that may serve as a springboard for further fundamental research.

The company

Regina-based StorageVault operates storage centres across the country, which provide services such as self-storage facilities, portable storage containers, moving containers, and storage for boats, RV's, trailers and cars. The company offers customers short-term contracts such as weekly and monthly rental agreements. Management's primary goal is to increase rent per square foot, and secondly, to increase occupancy. There is seasonality in this business with the second and third quarters the strongest of the four quarters.

Last month, the company announced it completed an acquisition in the Calgary area at a purchase price of approximately $15-million, bringing the total number of Albertan stores up to five. To finance the company's growth, the company raised $57.5-million in August, through a bought deal financing, offering over 67-million shares at a price of 85 cents per share. In the first quarter, the company raised $5.5-million in a private placement issuing over 8-million shares at a price of 66 cents per share.

On Aug. 22, the company reported its second-quarter financial results. Revenue was $6.3-million, up from $2.1-million during the same period last year, this increase was mainly due to acquisition growth. As of June 30, the company had nine facilities in British Columbia, four in Alberta, two in Saskatchewan, four in Manitoba, and 12 in Ontario for a total of 31 stores.

Dividend policy

The company pays its shareholders a quarterly dividend of 0.0025 cents per share, or 1 cent on a yearly basis. This translates to an annualized dividend yield of 0.8 per cent.

Analysts' recommendations

This small-cap stock, with a market capitalization of $305-million, is covered by two analysts. The two firms with analyst coverage are Cormark Securities and National Bank Financial. One analyst has a 'speculative buy' recommendation and target price of $1.50, the other analyst has an 'outperform' recommendation and target price of $1.50, as well. Target prices of $1.50 implies there is 24 per cent potential upside potential.

The consensus revenue estimate is $27.2-million for 2016, rising 54 per cent to $42-million in 2017. The Street is forecasting EBITDA of $13.9-million in 2016 and $23.1-million in 2017. The company is not forecast to be profitable over the next few years. The consensus EPS estimate is a loss of 2 cents in 2016, and loss of 3 cents in 2017.

Chart watch

The stock has very limited trading history as the stock has only been trading with regularity and reasonable volumes since August. Consequently, technical analysis is limited.

Year to date, the stock price is up 49 per cent.

The share price has initial overheard resistance at $1.30.

In terms of downside support, there is support around $1.20, and failing that, at $1.00, which is close to its 50-day moving average (at $1.07).

The two-month historical average daily trading volume is just over 600,000 shares.

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The Breakouts file is a technical analysis screen intended to identify companies that are technically breaking out. In addition, this report highlights a company's dividend policy, analysts' recommendations, and provides a brief technical analysis for a security to provide readers with more information.

If a stock appears on the positive breakouts list, this indicates positive price momentum, and that a company may be worthwhile for investors to look at the fundamentals in order to determine if the recent price strength is warranted and will continue. If a security appears on the negative breakouts list, this indicates negative price momentum, and may be indicative of either deteriorating fundamentals or perhaps indicates a buying opportunity.

Securities screened are from the S&P/TSX composite index, the S&P/TSX Small Cap index, as well as Canadian small cap stocks outside of these indexes that have a minimum market capitalization of $200-million.

A technical analysis screen does not replace fundamental analysis, but can help identify companies worth having a closer look at.

Price breakouts

Positive BreakoutsOct. 12 close
ACR.UN-TAgellan Commercial REIT $10.44
AGT-TAGT Food & Ingredients Inc $38.89
ATA-TATS Automation Tooling Systems Inc $11.36
GBT-TBMTC Group Inc $13.55
CJT-TCargojet Inc $43.91
CVL-TCervus Equipment Corp $13.10
CRH-TCRH Medical Corp $5.84
CTH-TCynapsus Therapeutics Inc. $53.56
EXF-TEXFO Inc $5.24
HWO-THigh Arctic Energy Services Inc $4.53
IMO-TImperial Oil Ltd $43.13
IAG-TIndustrial Alliance Insurance & Financial Services Inc. $49.74
IAE-TIthaca Energy Inc $1.32
IVN-TIvanhoe Mines Ltd $2.37
MFC-TManulife Financial Corp $19.27
MFI-TMaple Leaf Foods Inc $30.93
DR-TMedical Facilities Corp $22.65
MSI-TMorneau Shepell Inc $19.48
MTL-TMullen Group Ltd $16.71
OSB-TNorbord Inc $34.63
PSG-TPerformance Sports Group Ltd $5.44
PLI-TProMetic Life Sciences Inc $3.14
RBA-TRitchie Bros Auctioneers Inc $47.38
RME-TRocky Mountain Dealerships Inc $9.48
SAP-TSaputo Inc $46.62
SCL-TShawCor Ltd $33.60
TCK.B-TTeck Resources Ltd $24.74
TFI-TTransForce Inc $27.92
VSN-TVeresen Inc $13.59
WTE-TWestshore Terminals Investment Corp $24.57
Negative Breakouts
ABT-TAbsolute Software Corp $6.55
AIM-TAimia Inc $7.86
AD-TAlaris Royalty Corp $21.23
BLX-TBoralex Inc $17.75
BOX.UN-TBrookfield Canada Office Properties $26.98
CCO-TCameco Corp $10.28
CXR-TConcordia Healthcare Corp $5.67
DHX.B-TDHX Media Ltd $6.78
XTC-TExco Technologies Ltd $11.56
MIC-TGenworth MI Canada Inc $28.60
LAC-TLithium Americas Corp $0.82
MNW-TMitel Networks Corp $9.33
ORL-TOrocobre Ltd. $3.20
PTM-TPlatinum Group Metals Ltd $2.78
WEF-TWestern Forest Products Inc $2.02