The S&P/TSX Composite had a difficult trading week ending with Friday’s close, falling 2.4 per cent. Despite the weakness, the index remains in technical neutral territory according to. The benchmark’s RSI of 47 is close to the midpoint between the attractive RSI buy signal of 30 and the overbought, RSI sell signal at 70.
There are 23 overbought, technically extended companies by RSI this week beginning with Hydro One Ltd., Canadian Imperial Bank of Commerce, Crombie REIT, North West Co. Inc. and Canadian Utilities Ltd.
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