Friday, shares of Canadian National Railway appeared on our positive breakouts list. That is a positive sign as railways stocks are closely tied to economic conditions. Investors are accumulating shares of a cyclical stock, an indication that investors are starting to looking forward to a rebounding economy in 2016. This is a bullish sign for equity markets.
Below is a list of stocks in the S&P/TSX composite index and the S&P/TSX Small Cap index that are technically breaking out, reaching new 55-day highs or lows based on their Thursday close.
| Positive Breakouts | |
|---|---|
| Ticker | Company |
| ABT | Absolute Software Corp |
| AQN | Algonquin Power & Utilities Corp |
| BNS | Bank of Nova Scotia |
| BPY-U | Brookfield Property Partners LP |
| CNR | Canadian National Railway Co |
| CAM | Canam Group Inc |
| CSH-U | Chartwell Retirement Residences |
| CGX | Cineplex Inc |
| CGO | Cogeco Inc |
| CIG | Colliers International Group Inc |
| ECI | EnerCare Inc |
| ET | Evertz Technologies Ltd |
| FN | First National Financial Corp |
| MIC | Genworth MI Canada Inc |
| KXS | Kinaxis Inc |
| LB | Laurentian Bank of Canada |
| DR | Medical Facilities Corp |
| QBR/B | Quebecor Inc |
| RY | Royal Bank of Canada |
| XSR | Sirius XM Canada Holdings Inc |
| SJ | Stella-Jones Inc |
| UNS | Uni-Select Inc |
| Negative Breakouts | |
| ASR | Alacer Gold Corp |
| BNP | Bonavista Energy Corp |
| CFW | Calfrac Well Services Ltd |
| CBL | Callidus Capital Corp |
| CF | Canaccord Genuity Group Inc |
| CLS | Celestica Inc |
| DC/A | Dundee Corp |
| DPM | Dundee Precious Metals Inc |
| HLF | High Liner Foods Inc |
| KEL | Kelt Exploration Ltd |
| PRE | Pacific Exploration and Production Corp |
| PPY | Painted Pony Petroleum Ltd |
| PHX | PHX Energy Services Corp |
| SVY | Savanna Energy Services Corp |
| SCB | Street Capital Group Inc |
| WRG | Western Energy Services Corp |
| WTE | Westshore Terminals Investment Corp |
| WB | Whistler Blackcomb Holdings Inc |