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The S&P/TSX Composite climbed another 1.2 per cent for the trading week ending with Thursday’s close and now stands 6.3 per cent higher year to date.

The index itself is now overbought, with a Relative Strength Index (RSI) of 70.5, just over the sell signal of 70.

Once again there are no benchmark constituent companies trading at attractive, oversold technical levels below the RSI buy signal of 30.

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Barrick Gold Corp. and Waste Connections Inc. are closest to oversold territory with RSIs of 34 and 35 respectively.

The list of technically vulnerable index stocks trading with RSIs above the overbought sell of 70 is long again at 38 members. The list is a diversified group of industrials, resources and financial stocks. The top five most overbought companies are WSP Global Inc., Whitecap Resources Inc., Linamar Corp., Labrador Iron Ore Royalty Co. and Canfor Corp.

Other notable overbought names are MEG Energy Corp., Bank of Nova Scotia, Blackberry Ltd., Toronto-Dominion Bank, ONEX Corp and Suncor Energy Inc.

There are 13 S&P/TSX Composite members showing strong price momentum by hitting new 52-week highs and they are ranked by market capitalization in the table below.

Constellation Software Inc. is the biggest company making new highs, followed by WSP Global Inc., West Fraser Timber Co. Ltd, Transalta Renewables Inc. and Norbord Inc.

There are no index stocks making new 52-week lows.

Stocks hitting 52-week highs

Return 1W %Return YTD %Market Cap
CSU-TCONSTELLATION SOFTWARE INC2.4031.4435,027,479,937
WSP-TWSP GLOBAL INC11.7538.0413,705,702,417
WFT-TWEST FRASER TIMBER CO LTD6.4147.095,709,653,301
RNW-TTRANSALTA RENEWABLES INC3.5824.224,857,713,749
OSB-TNORBORD INC6.7464.384,486,035,272
MX-TMETHANEX CORP8.4116.914,329,461,266
CFP-TCANFOR CORP9.2383.282,786,131,650
ATA-TATS AUTOMATION TOOLING SYS4.446.392,109,070,771
LIF-TLABRADOR IRON ORE ROYALTY CO0.7134.231,996,800,000
TCL-A-TTRANSCONTINENTAL INC-CL A4.2235.691,777,988,972
IFP-TINTERFOR CORP10.3452.691,506,957,267
MTL-TMULLEN GROUP LTD9.2926.691,094,121,950
ZZZ-TSLEEP COUNTRY CANADA HOLDING6.9230.62951,216,506

This week's overbought stocks

NAMERSIPrice200DMAReturn 1W %Retrun YTD %PE Ratio TTMPE Ratio Fwd
WSP-TWSP GLOBAL INC89.98120.7386.7311.7538.0438.9632.42
WCP-TWHITECAP RESOURCES INC85.994.832.3820.45-4.86#N/A N/A483.00
LNR-TLINAMAR CORP80.2668.3040.653.8040.3216.9211.35
LIF-TLABRADOR IRON ORE ROYALTY CO80.2631.2023.240.7134.239.978.93
CFP-TCANFOR CORP79.9022.2513.459.2383.289.136.72
ATA-TATS AUTOMATION TOOLING SYS79.8922.8018.614.446.3938.1619.60
IFP-TINTERFOR CORP79.4322.4013.0210.3452.6912.456.20
HSE-THUSKY ENERGY INC79.036.514.2416.46-34.31#N/A N/A#N/A N/A
MEG-TMEG ENERGY CORP78.424.533.2420.80-38.70#N/A N/A#N/A N/A
BNS-TBANK OF NOVA SCOTIA78.2568.2957.082.85-1.1013.2011.13
FRU-TFREEHOLD ROYALTIES LTD77.535.723.9414.17-16.25250.34143.00
SAP-TSAPUTO INC77.1937.7333.952.39-4.7124.3020.04
BB-TBLACKBERRY LTD77.0510.656.4910.9427.54#N/A N/A134.50
VET-TVERMILION ENERGY INC77.046.615.5719.75-67.05#N/A N/A#N/A N/A
TD-TTORONTO-DOMINION BANK76.3272.3561.432.384.3311.1912.43
CVE-TCENOVUS ENERGY INC76.007.875.6014.72-39.35#N/A N/A#N/A N/A
CPG-TCRESCENT POINT ENERGY CORP75.873.052.0025.51-46.779.60#N/A N/A
OSB-TNORBORD INC75.1955.6234.886.7464.3815.837.01
MFI-TMAPLE LEAF FOODS INC75.1927.9526.302.4910.7635.5722.67
MRE-TMARTINREA INTERNATIONAL INC75.1515.3510.100.529.19#N/A N/A7.37
NFI-TNFI GROUP INC74.8523.0717.278.67-9.862.4036.72
ERF-TENERPLUS CORP74.839184.223.2663520.57143-52.83362#N/A N/A31.72932331
SES-TSECURE ENERGY SERVICES INC74.762.781.5915.35-42.57#N/A N/A#N/A N/A
WFT-TWEST FRASER TIMBER CO LTD74.6383.1453.736.4147.0916.318.40
FTT-TFINNING INTERNATIONAL INC74.3827.6119.470.0413.6525.9917.57
CPX-TCAPITAL POWER CORP74.3335.0528.824.327.5110.0618.61
FM-TFIRST QUANTUM MINERALS LTD73.5120.5411.363.2756.13#N/A N/A27.26
PRMW-TPRIMO WATER CORP72.6320.6317.433.4118.3079.5335.04
ONEX-TONEX CORPORATION72.5974.0061.964.76-9.3813.53#N/A N/A
ITP-TINTERTAPE POLYMER GROUP INC72.5425.2514.582.4360.2616.6612.19
MX-TMETHANEX CORP72.1356.8230.088.4116.91#N/A N/A117.39
CCO-TCAMECO CORP71.4615.8513.3521.9238.18#N/A N/A#N/A N/A
BTE-TBAYTEX ENERGY CORP71.180.830.5722.06-55.61#N/A N/A#N/A N/A
IMO-TIMPERIAL OIL LTD71.1525.5520.4710.08-22.82#N/A N/A49.90
SU-TSUNCOR ENERGY INC70.7823.9321.5412.14-41.39#N/A N/A#N/A N/A
ENB-TENBRIDGE INC70.7743.5541.503.42-9.2918.5017.15
VII-TSEVEN GENERATIONS ENERGY - A70.676.413.688.46-24.32#N/A N/A25.85
AC-TAIR CANADA70.2626.4318.53-3.01-45.52#N/A N/A#N/A N/A

Source: Bloomberg

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