OversoldNo surprise here. GLTA The S&P/TSX Composite Index fell 1.8 per cent for the trading week ending with Friday’s close to stand 0.7 per cent higher year to date. The benchmark’s Relative Strength Index (RSI) of 30.9 leaves it right at the border of oversold territory, close to the 30 buy signal.
There are an enormous number of index stocks, 45, trading in attractive technical territory below the 30 buy signal. TD Bank is most oversold stock in the index, followed by First Capital REIT, Pason Systems Inc., Allied Properties REIT, Precision Drilling Corp, Artis REIT, Riocan REIT, Enerplus Corp. and Bank of Montreal.