The most oversold and overbought stocks on the TSX

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A look at equities with price momentum in both directions

of 37 leaves it in technically neutral territory between the oversold buy signal of 30 and the overbought RSI sell signal of 70.

There are 17 oversold, technically attractive index stocks by RSI this week and REITs are pervasive in the list. Northwest Healthcare Properties REIT is the most oversold company in the benchmark, followed by Allied Properties REIT, Toronto-Dominion Bank, Artis REIT, First Capital REIT, Energy Fuels Inc., CI Financial Corp., Denison Mines Corp., Primaris REIT and Bank of Montreal.

There are six overbought, technically vulnerable index constituents trading with RSIs above 70 – Osisko Mining Inc., Thomson Reuters Corp., Torex Gold Resources Inc., Alamos Gold Inc., Wheaton Precious Metals Corp. and Osisko Gold Royalties. There are four S&P/TSX Composite stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. Thomson Reuters is the largest company making new highs, followed by Constellation Software Inc., CGI Inc. and Alamos Gold Inc.Stocks jumping to 52-week highs

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