News Formal

The most oversold and overbought stocks on the TSX

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A look at equities with price momentum in both directions

, the benchmark as a whole is dangerously close to overbought with a 68 reading that is approaching the sell signal at 70.

There is only one stock trading with an attractive RSI below the oversold buy signal of 30 and that is Algonquin Power and Utilities. There are 28 overbought, technically vulnerable benchmark constituents this week. The five most overbought stocks are Home Capital Group Inc., Chemtrade Logistics Income Fund, IAMGOLD Corp., George Weston Ltd. and Quebecor Inc.

There are seven companies showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The three biggest companies are Canadian Pacific Railway Ltd., CGI Inc., and George Weston.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monday’s small-cap stocks to watchOur roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Source: globeandmail - 🏆 5. / 92 Read more »