OTCQX:GTBAF - Post by User
Post by
flashcashon Jul 29, 2020 2:03pm
103 Views
Post# 31338593
About right
About right
Globe says Sagicor Financial, others may rebound nicely
2020-07-29 08:50 ET - In the News
See In the News (C-SFC) Sagicor Financial Company Ltd
The Globe and Mail attempts to identify stocks with the greatest momentum in its Wednesday edition. The Globe's guest columnist Andrew Cullivan writes in the Number Cruncher column that momentum investing is the concept of purchasing stocks that exhibit persistent and positive increases in price. During periods of extreme market downturns, positive momentum can be hard to find. Investors, however, can look to momentum during market rebounds to find outsized returns. He studied the effects of momentum in the Canadian market historically and throughout the COVID-19 pandemic. Mr. Cullivan only considered stocks with a market value of more than $500-million and a share price of more than $4 to remove any penny stocks or illiquid names. He created a momentum score to reveal companies with the greatest momentum. The hypothesis is that names that score higher are more likely to outperform the broader market, especially during market rebounds. He considered the 200-day-moving average. A company with a below-average price indicates a stock may be about to rise in order to return to its average. Stocks with positive momentum are Sagicor Financial, AltaGas, Trillium Therapeutics,---- Great Bear Resources ---and Wall Financial.
© 2020 Canjex Publishing Ltd. All rights reserved.