top 5 oversold Scott Barlow
The Globe and Mail
Published on 02/28/22 10:58
The S&P/TSX Composite climbed 0.5 per cent for the weekend ending with Friday’s close and sits 0.2 per cent lower for the year. Relative Strength Index (RSI) leaves the benchmark squarely in the technical mid-range with a 50 reading that is exactly halfway between the oversold buy signal of 30 and the overbought RSI sell signal of 70.
There are 12 oversold, attractive index members trading below the 30 buy signal this week. The top five most oversold companies are Sleep Country Canada Holdings, Quebecor Inc. , CCL Industries Inc., Primo Water Corp. and Altus Group Ltd.