The S&P/TSX Composite dropped 0.8 per cent for the trading week ending with Friday’s close and now stands 18.7 per cent higher for 2024. The index’s of 49 leaves it almost exactly at the midpoint between the attractive RSI buy signal at 30 and the overbought, technically vulnerable sell signal of 70.
There are 15 benchmark constituents with attractive, oversold RSIs below 30. The most oversold companies are Boardwalk REIT, Converge Technology Solutions Corp., Canadian Apartment Properties REIT, Interrent REIT and Linamar Corp. The 14 overbought index members with RSIs above 70 are led by Bausch Health Cos Inc., CI Financial Corp., Air Canada, Secure Energy Services Inc. and AtkinsRéalis Group Inc.
There are 10 TSX stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The biggest companies making new highs are Fairfax Financial Holdings, Dollarama Inc., AtkinsRéalis Group Inc., Celestica Inc. and Gildan Activewear Inc.
Pfizer struggles to find new revenue sources as vaccine sales fade, but here’s why investors shouldn’t shy away from its stock
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »