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The S&P/TSX Composite jumped another 1.8 per cent for the trading week ending with Thursday’s close and remarkably, is down less than 1 per cent for 2020.

In terms of technicals, the benchmark has hit the Relative Strength Index (RSI) sell signal of 70, which implies a higher probability of a temporary pullback in the sessions ahead.

There are no oversold index stocks trading at attractive RSI levels below the buy signal of 30. Pason Systems Inc. is closest at 31.

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The list of overbought, technically vulnerable S&P/TSX Composite constituents is long at 30 stocks, which we’d expect given the strong overall market conditions. TFI International Inc. is again the most overbought company in the index followed by Premium Brands Holdings Corp., Ritchie Brothers Auctioneers, CargoJet Inc., Pretium Resources Inc. and Agnico Eagle Mines Ltd.

There are 14 benchmark stocks showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization below.

Canadian National Railways Co. is the largest stocks hitting new highs. Constellation Software Inc., Agnico Eagle Mines, Toromont Industries Ltd., and Ivanhoe Mines Ltd. are also on the list.

There is one stock, Cineplex Inc., hitting new 52-week lows this week.

Stocks hitting 52-week highs

Return 1W %Return YTD %Market Cap
CNR-TCANADIAN NATL RAILWAY CO0.9613.9194,202,543,433
CSU-TCONSTELLATION SOFTWARE INC2.6329.6534,580,974,400
AEM-TAGNICO EAGLE MINES LTD10.2940.9127,115,756,827
RBA-TRITCHIE BROS AUCTIONEERS4.6117.957,075,410,101
DSG-TDESCARTES SYSTEMS GRP/THE4.3240.616,592,231,403
TIH-TTOROMONT INDUSTRIES LTD0.715.666,068,489,603
KXS-TKINAXIS INC10.57123.665,934,295,257
IVN-TIVANHOE MINES LTD-CL A5.1515.295,879,289,191
TFII-TTFI INTERNATIONAL INC1.7036.115,163,575,943
STN-TSTANTEC INC1.6321.604,917,444,628
ENGH-TENGHOUSE SYSTEMS LTD2.8163.264,328,735,918
EQX-TEQUINOX GOLD CORP7.1165.873,973,225,354
CJT-TCARGOJET INC15.7586.953,000,563,942
REAL-TREAL MATTERS INC6.39166.312,770,193,414

Stocks falling to 52-week lows

Return 1W %Return YTD %Market Cap
CGX-TCINEPLEX INC-6.45-77.18487,032,600

This week's overbought stocks on the TSX

RSIPrice200DMAReturn 1W %Return YTD %PE Ratio TTMPE Ratio Fwd
TFII-TTFI INTERNATIONAL INC86.3558.7442.441.7036.1117.4815.68
PBH-TPREMIUM BRANDS HOLDINGS CORP82.3898.8287.853.8810.2945.6130.55
RBA-TRITCHIE BROS AUCTIONEERS81.2665.1055.744.6117.9535.5631.44
CJT-TCARGOJET INC79.80192.38120.8115.7586.95#N/A N/A47.95
PVG-TPRETIUM RESOURCES INC79.7016.6512.0232.1415.2233.9717.56
AEM-TAGNICO EAGLE MINES LTD79.26111.9079.1010.2940.9169.9130.99
SJ-TSTELLA-JONES INC79.2443.1835.556.5116.1516.3816.01
TOU-TTOURMALINE OIL CORP79.1515.7012.5917.965.58#N/A N/A18.05
BAD-TBADGER DAYLIGHTING LTD78.6536.4131.0620.924.8626.3929.01
IVN-TIVANHOE MINES LTD-CL A78.614.903.425.1515.29#N/A N/A#N/A N/A
K-TKINROSS GOLD CORP78.5912.987.6910.94110.7123.9015.26
ARX-TARC RESOURCES LTD75.906.235.9010.85-21.24#N/A N/A#N/A N/A
GRT-UN-TGRANITE REAL ESTATE INVESTME75.1579.1567.010.8822.9925.99#N/A N/A
GEI-TGIBSON ENERGY INC74.7124.5122.8310.36-4.1619.9823.37
KXS-TKINAXIS INC74.59223.70133.2010.57123.66171.20145.39
WFT-TWEST FRASER TIMBER CO LTD74.3966.6448.970.6617.52#N/A N/A13.94
FSV-TFIRSTSERVICE CORP74.20159.23127.15-0.2332.2280.7139.18
SMU-UN-TSUMMIT INDUSTRIAL INCOME REI73.2512.5011.512.886.68#N/A N/A#N/A N/A
BTO-TB2GOLD CORP73.019.696.108.2787.1125.8115.87
MTL-TMULLEN GROUP LTD72.559.687.45-0.217.2616.9818.13
CLS-TCELESTICA INC71.8211.129.11-0.713.2531.259.85
RCH-TRICHELIEU HARDWARE LTD71.5933.9927.452.3525.8228.59#N/A N/A
ZZZ-TSLEEP COUNTRY CANADA HOLDING71.2720.0017.132.25-0.1118.2617.05
REAL-TREAL MATTERS INC71.2432.8117.196.39166.319.8335.00
CG-TCENTERRA GOLD INC71.2018.7811.5318.4983.1920.369.85
DSG-TDESCARTES SYSTEMS GRP/THE71.1178.0459.414.3240.61116.55#N/A N/A
NPI-TNORTHLAND POWER INC71.0337.2529.862.7940.0719.0721.16
TRI-TTHOMSON REUTERS CORP70.72198.7895.44355.4891077.47914992.5598549739.59746258
KL-TKIRKLAND LAKE GOLD LTD70.5972.0054.565.3726.7017.5915.34
QBR-B-TQUEBECOR INC -CL B70.4031.7431.144.37-2.9414.73#N/A N/A

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