Athletic clothing producer Gildan Activewear* (GIL.TO) has been in the Green Favored Zone of the SIA S&P/TSX 60 Index Report since August. Yesterday it climbed 3 spots to 7th place. Since bottoming out a year ago, shares have been under accumulation, steadily advancing in a rising channel of higher highs and higher lows. The shares recently confirmed this uptrend continues by staging a major breakout over $40.00, a key round number which has acted as both support and resistance over the last three years.
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