The S&P/TSX Composite 1.8 per cent for the trading week ending with Friday’s close and the index now stands 3.8 per cent lower for the year.
The benchmark’s Relative Strength Index (RSI) of 43 leaves it in the lower section of technically neutral, closer to the oversold buy signal of 30 than the overbought RSI sell signal at 70.
There are seven stocks trading with attractive RSIs below 30. Bausch Health Companies Inc. is the most oversold company followed by Dye & Durham, Methanex Corp., Rogers Communications Inc., First Capital REIT, Artis REIT and RioCan REIT.
There are four overbought stocks in the benchmark, with RSIs above 70. These are Converge Technology Solutions, Innergex Renewable Energy, Torex Gold Resources Inc. and Kinross Gold Corp.
There are 20 benchmark constituents showing strong price momentum by hitting new 52-week highs and these are ranked by market capitalization below. The biggest companies making new highs are Agnico Eagle Mines Ltd., Wheaton Precious Metals Corp., Dollarama Inc., Franco Nevada Corp and Kinross Gold Corp.
Bausch Health Companies is the only stock making new lows.
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