Channel Breakers, Weekly: For the Week Ending August 9, 2019

Our <strong>Channel Breakers Weekly</strong> report features all of the Canadian stocks that broke above or broke below their respective price-channels, using weekly closing prices. We stress that these charts are based on weekly closing prices and, therefore, are appropriate for use by intermediate-term investors. Our report is prepared courtesy of the technical charts of  theUpTrend.com .

There were 11 stocks that broke above their weekly price channels with Positive Momentum, and there were 19 stocks with Negative Momentum that declined below their price channels.

You can access a company chart by clicking on the company’s name.

INTERMEDIATE-TERM SIGNALS

BUY STOCKS

ACOx.TOATCO Group of CoPositive Momentum $        45.30
AI.TOAtrium MortgagePositive Momentum $        13.90
ATZ.TOAritziaPositive Momentum $        18.10
CAR_u.TOCan ApartmentPositive Momentum $        50.40
DCa.TODundee CorpPositive Momentum $          1.03
ENGH.TOEnghouse SystemsPositive Momentum $        36.36
L.TOLoblawPositive Momentum $        70.51
SAP.TOSaputo GroupPositive Momentum $        42.06
SCL.TOShawcorPositive Momentum $        18.36
VFF.TOVillage FarmsPositive Momentum $        17.80
ZZZ.TOSleep CountryPositive Momentum $        19.99

SELL/SHORT STOCKS

AAV.TOAdvantage Oil &Negative Momentum $          1.64
AIM.TOAimiaNegative Momentum $          3.24
ATA.TOATS AutomationNegative Momentum $        20.00
BPF_u.TOBoston PizzaNegative Momentum $        17.27
CCLb.TOCCL IndustriesNegative Momentum $        60.09
CF.TOCanaccord FinancNegative Momentum $          5.30
CHP_u.TOChoice PropertieNegative Momentum $        13.59
CTCa.TOCanadian TireNegative Momentum $      136.90
CVE.TOCenovus EnergyNegative Momentum $        11.28
DOO.TOBRPNegative Momentum $        42.35
GC.TOGreat Canadian GNegative Momentum $        41.99
GIL.TOGildan ActiveweaNegative Momentum $        49.39
HDI.TOHardwoods DistriNegative Momentum $        12.31
IVN.TOIvanhoe MinesNegative Momentum $          3.72
MRE.TOMartinreaNegative Momentum $        10.01
NMX.TONemaska LithiumNegative Momentum $          0.27
OSB.TONorbordNegative Momentum $        28.68
RCIb.TORogers CommunicaNegative Momentum $        68.28
TD.TOTD BankNegative Momentum $        74.68
About Bob Weir 302 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).