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Bargain alert: Two high-yielding, oversold stocks

Crash landings for Air Canada and Bombardier stocks highlight this week’s TSX technical review.

The domestic equity benchmark enjoyed a strong 2.1 per cent return over the past five trading sessions (Thursday to Thursday) but is once again approaching overbought levels according to the Relative Strength Index indicator. There’s still room to run, but with an RSI reading of 65, it won’t be long before the S&P/TSX Composite hits the sell signal of 70.