Keyera Corp T.KEY

Strong Price Momentum

[retiredcf]

KEY was on the list. GLTA

There are 20 S&P/TSX Composite stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below. The five biggest stocks making new highs are Royal Bank of Canada, Canadian Natural Resources Ltd., Bank of Montreal, Bank of Nova Scotia and Suncor Energy Inc..

[Puma1back]

Another 52 week high within a few weeks. RSI is also getting near the 75 which puts it up there on momentum but performance is still surprising people so i don't know if that RSI is a cap  

[Puma1back]

after a slow start in a bad opening market session, we hit another 52 week high. Stock has a lofty RSI but momentum and accumulation seem more powerful as the overall risk rating seems to adjust to the strengths of the capital investments.     

[Puma1back]

Wow, large pop in the shorts during last 2 weeks of March. there were about 14 million traded in those 2 weeks at an average of $34.15 - so a long way from todays $35.35 plus   the short popped by 2.6 million or about 20% of the period trades. The Q1 don't arrive for another month , though internally the numbers are known. Maybe the market is pricing a dividend increase and the

[Puma1back]

You have to go back to October 2021 to get a larger short increase in one period. At that time he stock ended up with a strong decline that took a while to crawl back up.   

[Puma1back]

Well we hit a 36 month high and are only about 60 cents off the 5 year high of $36.56.  looking at this chart it seems the 5 year high will get broken though it might not be in this run

[Puma1back]

yeah, the short position has been discussed- given the stock momentum , and fact that they don't increase divi in this Q release, seems strange  

[Puma1back]

In the Globe this week KEY is the 11 th most shorted mid-cap stock on TSX. Fair showing of energy stocks in the mid & large cap stocks shorts.