The S&P/TSX Composite jumped 2.2 per cnet for the trading week ending with Friday’s close and is now higher by 0.8 per cent for 2025. The benchmark’s Relative Strength Index (RSI) of 55 leaves it in the technically neutral range between the ovcersold RSI buy signal of 30 and the overbought, technically vulnerable sell signal of 70.
There are no index constituents trading with attractive RSIs below 30 this week. There are three stocks with RSIs above 70, indicating overbought conditions. These are Loblaw Companies Ltd., Innergex Renewable Energy Inc. and Boralex Inc.
There are three stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The companies are Loblaw, Hydro One Ltd. and Element Fleet Management Corp. One stock, Richelieu Hardware Ltd., is making a new 52-week low.
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