The most oversold and overbought stocks on the TSX

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A look at equities with price momentum in both directions

of 67 leaves it on the cusp of the 70 sell signal which suggests the market is overbought and vulnerable to a temporary pullback.

There are four companies trading with attractive RSIs below the oversold buy signal of 30. These are Canopy Growth Corp., Northwest Healthcare Properties REIT, Artis REIT and Allied Properties REIT. There are 21 companies trading with RSIs above the 70 sell signal. The five most overbought companies are Kinross Gold Corp., Eldorado Gold Corp., Lundin Mining Corp., Alamos Gold Inc., and CGI Inc.

There are six index constituents showing strong price momentum by hitting new 52-week highs and they are sorted by market capitalization in the table below. The biggest stocks making new highs are Constellation Software Inc., CGI Inc., Teck Resources Ltd., Descartes Systems Inc. and Eldorado Gold. There are four companies hitting new 52-week lows – Tilray Brands Inc., Northwest Healthcare Properties REIT and Canopy Growth Corp.

 

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