Channel Breakers: For the Week Ending August 30, 2019

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 by theUpTrend.com. These charts are suitable for use primarily by intermediate-term investors.

COMMENT: We are heading into September, the worst month, historically, for stock performance. The market, again, is largely being influenced, not by fundamentals so much as by geopolitical whims. This is likely to become the “norm” for some time. This past week in our Channel Breakers analysis, ten stocks broke above their respective upper channel line, and there were two stocks that dropped below their respective channel line.

Note: To access a chart in the table below, click on the company’s name.

BUY STOCKS
AGFb.TO AGF Management Stk B Positive Momentum  $          5.60
BNS.TO Bank of Nova Scotia Positive Momentum  $        70.80
CWB.TO Canadian Western Bank Positive Momentum  $        31.76
FCR.TO First Capital Realty Positive Momentum  $        22.18
MG.TO Magna International Positive Momentum  $        66.66
MRC.TO Morguard Positive Momentum  $      197.01
NWC.TO North West Company Positive Momentum  $        30.94
OSB.TO Norbord Positive Momentum  $        32.55
SLF.TO Sun Life Financial Positive Momentum  $        54.57
TRP.TO Transcanada Pipeline Positive Momentum  $        68.22
SELL/SHORT STOCKS
LB.TO Laurentian Bank Negative Momentum  $        43.45
VFF.TO Village Farms International Negative Momentum  $        13.90
About Bob Weir 3002 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).