of 38 leaves it in the lower end of technical neutral range, closer to the oversold buy signal of 30 than the overbought, RSI sell signal of 70.
There are 19 technically attractive index constituents with RSIs below 30 this week. The five most oversold stocks are Air Canada, MTY Food Group Inc., Park Lawn Corp, Laurentian Bank of Canada and Nuvei Corp. There is only one stock trading in the overbought range with an RSI above the 70 sell signal – North West Co. Inc. Fairfax Financial is close to overbought with a 69 RSI.
Fairfax Financial Holdings Ltd. is also among two companies showing strong price momentum by hitting a new 52-week high. The other is SNC-Lavalin Group Inc. There area 11 stocks establishing new 52-week lows and they are ranked by market capitalization in the table below. The biggest companies making new lows are Nuvei Corp., H&R REIT, Allied Properties REIT, Canfor Corp. and Canada Goose Holdings.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »