Still Oversold The S&P/TSX Composite’s total return jumped 5.8 per cent for the trading week ending with Friday’s close and the index’s year to date appreciation stands at 5.2 per cent. In terms of technical analysis, the benchmark’s Relative Strength Index (RSI) of 62 leaves it in neutral territory although far closer to the overbought sell signal of 70 than the oversold RSI buy signal at 30.
There are four technically attractive index constituents trading below the buy signal this week – Canada Goose Holdings Inc. , First Quantum Minerals Ltd. , ATS Corp. and Ero Copper Corp.