The most oversold and overbought stocks on the TSX

The S&P/TSX Composite climbed another 1.4 per cent for the shortened trading week ending with Friday’s close and the entire index is now extremely overbought. The benchmark’sThere is only one stock, TD Bank, trading with an attractive RSI below the oversold buy signal of 30.

The list of overbought index constituents is long at 56 members, which is to be expected with the benchmark’s high RSI. The five most overbought stocks are Brookfield Asset Management, Cameco Corp., Nexgen Energy Ltd., Atkinsrealis Group Inc. and IA Financial Corp. The list of stocks showing strong price momentum by hitting new highs is enormous at 47 members, the most I can ever remember seeing. The companies are ranked by market capitalization in the table below. The biggest companies making new highs are Brookfield Corp., Enbridge Inc., Bank of Nova Scotia, Canadian Imperial Bank of Commerce and TC Energy Corp.

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of

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.

Energy stocks help lift S&P/TSX composite, U.S. stock markets mixedTORONTO — Strength in energy stocks helped Canada's main stock index climb higher in late-morning trading, while U.S. stock markets were mixed.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »