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Loblaw Companies Ltd. three-year chart Add to ...

The three-year chart has a number of features including the big gap up in December of 2012 when the company announced the conversion of much of their real estate portfolio into a real estate investment trust. The stock built a base near $40.00 until the move up to $46.00 in May of 2013. The stick and flag that surfaced in May signalled that the advance had more in it and subsequently the shares hit $50.00 by June. The stock moved briefly through $50.00 on the announcement of the Shoppers Drug Mart Corp. acquisition but has been giving up ground through February 2014 where it caught a bounce.

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