A major breakout is underway in Gildan Activewear* (GIL.TO) shares which broke out over $38.50 to their highest level since September of 2019 yesterday. An uptrend has been underway since the shares bottomed out last March and a downtrend line was snapped last summer near $25.00. GIL.TO remains in the Green Favored Zone of the SIA S&P/TSX 60 Index Report where it has resided since August. Yesterday it moved up 4 spots to 10th place.
*Gildan Activewear is held in portfolios managed by SIA Wealth Management
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