Our Channel Breakers weekly report features all of the Canadian stocks that broke above or broke below their respective price-channels, using weekly closing prices from technical charts provided courtesy of theUpTrend.com. These charts are appropriate for use by intermediate-term investors.
COMMENT: It must be the summer doldrums because there were only 6 stocks that broke above their respective upper channel lines with positive momentum and only 10 stocks that dropped out of their respective channels with negative momentum. Stocks generally moved sideways Monday through Thursday, then collapsed after taking into account Jay Powell’s Jackson Hole speech, Trump’s anti-China tweets, and China’s tariff retaliation. All of this negative global political rhetoric is unnerving the markets.
Note: To access a chart, click on the company’s name.
| BUY STOCKS | |||
| CU.TO | Canadian Utiliti | Positive Momentum | $38.08 |
| HBC.TO | The Bay | Positive Momentum | $10.51 |
| KML.TO | Kinder Morgan | Positive Momentum | $14.31 |
| SEA.TO | Seabridge Gold | Positive Momentum | $20.09 |
| TOY.TO | Spin Master | Positive Momentum | $41.50 |
| WJX.TO | Wajax | Positive Momentum | $16.05 |
| SELL/SHORT STOCKS | |||
| ATZ.TO | Aritzia | Negative Momentum | $16.85 |
| CNR.TO | Canadian Nationa | Negative Momentum | $119.45 |
| CUF_u.TO | Cominar Real Est | Negative Momentum | $12.29 |
| ET.TO | Evertz Technolog | Negative Momentum | $18.11 |
| PKI.TO | Parkland Fuel | Negative Momentum | $41.11 |
| PPL.TO | Pembina Pipeline | Negative Momentum | $47.48 |
| RETa.TO | Reitmans | Negative Momentum | $2.65 |
| TCLa.TO | Transcontinental | Negative Momentum | $13.84 |
| TMD.TO | Titan Medical | Negative Momentum | $2.73 |
| VMD.TO | Viemed Healthcar | Negative Momentum | $8.07 |
