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Stocks Surging Above 50Days Moving Average (50SMA): $OTEX $H $POW

The Market Signal - Fri Aug 28, 9:08AM CDT

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Open Text Enters Agreement With National Institutes of Health

https://themarketsignal.com/Free-Report/OTEX

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Open Text Corp. (TSE: OTEX ) is currently trading at C$60.20 above its 50 Days simple moving average of C$58.819 and the stock looks bullish. The company has entered an agreement with the National Institutes of Health to serve as the platform of choice for enterprise information management. The company will extend its OpenText (TM) AppWorks and OpenText (TM) Content Suite to support NIH's enterprise information management needs. As per the Agreement, the open text will support the agency's electronic document management and workflows to accelerate and enhance internal processes, records management, lab, and quality management as well as clinical research regulatory support systems. The contract builds on the relationship between the agency and company in the application of Opentext solution in process automation and management of information at NIAID.

Hydro One Extends Ban On residential Electricity Disconnection

https://themarketsignal.com/Free-Report/H

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Hydro One Ltd (TSE: H) is also looking bullish and currently trades at C$27.45 above its 50 Days simple moving average of C$27.00. The company has announced more support to customers by extending the ban in residential electricity disconnection as Ontarians continue to experience one of the hottest summers. Equally the company has indicated that its Pandemic Relief Program will be in place to offer payment flexibility and financial relief to customers experiencing adversity.

Also, the company has announced that its subsidiary Hydro One Inc. has completed the acquisition of Peterborough Distribution Inc.'s business assets. The acquisition brings together long-tome neighbors supporting businesses, families, and local communities.

Power Corporation of Canada Announces Q2 2020 Earnings Results

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Another bullish looking stock currently is Power Corporation of Canada (TSE: POW) which is currently trading at C$26.70 above its 50 Days simple moving average of C$24.49. The company has announced its results for the quarter and 1H ended June 30, 2020. Net asset value per share in the quarter was $32.96 compared to $30.79 in Q1 2020. Net earnings were $666 million or $0.99 per share compared to $278 million or $0.64 per share in Q2 2019. For 1H 2020 the company had net earnings of $866 million or $1.4 per share compared to $570 million or $1.27 per share in 1H 2019.

The company and Power Financial have announced the simplification of corporate structures, reorganization, and refocused strategy.

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