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The list of positive breakouts is growing as the equity market continue to climb higher with strength spreading to mid and small-cap stocks.

Among the list of positive breakouts are some favorites on the Street such as Absolute Software, AGT Food & Ingredients and Parex Resources.

According to Bloomberg, there are seven buy recommendations for Absolute Software with the average one-year price target of $9.96, implying a potential double-digit gain.

With respect to AGT, there are six buy recommendations, one hold recommendation, and one sell recommendation with the average one-year price target of $35.61, also implying a double-digit potential return.

Shares of oil and gas company, Parex Resources, one of the top performers in the S&P/TSX composite index year-to-date, jumped 13 per cent on Tuesday after management provided solid production guidance. Management anticipates production will average 30,200 barrels of oil per day (boe/d) in 2016, up 10 per cent from the company's expected 2015 average production rate of approximately 27,400 boe/d.

There are 11 buy recommendations and three hold recommendations with the average one-year price target of $12.48.

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 Tuesday's close.

Price Breakouts
30 Positive Breakouts
TickerCompany
ABT Absolute Software Corp
AGT AGT Food & Ingredients Inc
BB BlackBerry Ltd
CAE CAE Inc
CNE Canacol Energy Ltd
COS Canadian Oil Sands Ltd
CJ Cardinal Energy Ltd
GIB/A CGI Group Inc
ECI EnerCare Inc
FN First National Financial Corp
GSY goeasy Ltd
GXO Granite Oil Corp
GWO Great-West Lifeco Inc
HWO High Arctic Energy Services Inc
IT Intertain Group Ltd.
LNR Linamar Corp
LMP Lumenpulse Inc
MDA MacDonald Dettwiler & Associates Ltd
MAL Magellan Aerospace Corp
MRG-U Morguard North American Residential Real
NBD Norbord Inc
NBZ Northern Blizzard Resources Inc
PXT Parex Resources Inc
PWT Penn West Petroleum Ltd
PLI ProMetic Life Sciences Inc
QBR/B Quebecor Inc
RRX Raging River Exploration Inc
SCC Sears Canada Inc
SOX Stuart Olson Inc
SU Suncor Energy Inc
11 Negative Breakouts
BEP-U Brookfield Renewable Energy Partners LP/
CF Canaccord Genuity Group Inc
CAR-U Canadian Apartment Properties REIT
CUF-U Cominar Real Estate Investment Trust
CNL Continental Gold Inc
BCB Cott Corp
DPM Dundee Precious Metals Inc
GMP GMP Capital Inc
GUY Guyana Goldfields Inc
XSR Sirius XM Canada Holdings Inc
SPB Superior Plus Corp