The S&P/TSX Composite climbed 0.6 per cent for a volatile trading week ending with Friday’s close and is now 21.9 per cent higher for 2024.
The benchmark’s Relative Strength Index of 62 leaves it in the upper reaches of technically neutral territory, much closer to the overbought RSI sell signal of 70 than the attractive, oversold buy signal of 30. There are 16 oversold, technically attractive index constituents this week. BCE Inc. is the most oversold company in the index and it’s followed by Stella-Jones Inc., Boardwalk REIT, StorageVault Canada Inc. and Barrick Gold Corp.
Air Canada is the most overbought of the 19 stocks trading above the RSI sell signal this week. The next most overbought are ECN Capital Corp., CAE Inc., Shopify Inc., Manulife Financial Corp. and Nuvei Corp. There are five stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. Bank of Nova Scotia is the largest company making new highs followed by Keyera Corp., South Bow Corp., Brookfield Business Partners and Topaz Energy Corp.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »