Chartwell Retirement Residences T.CSH.UN

Oversold

[retiredcf]

No surprise here. GLTA

The S&P/TSX composite was almost exactly flat for the trading week ending with Friday’s close, falling 0.07 per cent. Year to date the benchmark is lower by 6.0 per cent.

Relative Strength Index (RSI) leaves the index in the upper end of technically neutral territory with a 58 reading that is closer to the RSI sell signal of 70 than the oversold, RSI buy signal of 30.

There are four oversold companies trading below the RSI buy signal of 30 this week. In order, these are Spin Master Corp., Chartwell Retirement Residences, ECN Capital Corp. and Westshore Terminals Investment Corp.

 

[1condor]

Am I looking at CSH trading at a 10 year low??? Would jump in today but suspect year end tax loss selling will knock it down a little further. Will continue to monitor for a buy. Regards Condor.

[flamingogold]

Just hit my radar screen. I have been a long term holder for EXE too, which is typically the most unloved among investors in this sector so was surprised to see this trading at covid lows again.