The S&P/TSX Composite Index has slightly retreated from its recent peak on May 21. Market participants are closely monitoring the critical support level at 21,500. Our team employed our quantamental methodology to identify top outperforming Canadian stocks that could potentially contribute to fresh record highs in the index as long as the index remains above its support level.
Our screening also considered stocks trading within seven days of a new 52-week high, indicating positive price momentum and investor interest.Trading Central is a global leader in financial market research and investment analytics for retail online brokers and institutions. Its product suite provides actionable trading ideas based on technical and fundamental research covering stocks, exchange-traded funds, indexes, forex, options and commodities.