Canadian Tire* (CTC.A.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX 60 Index Report. Last week’s major breakout through the top of a $160-$180 channel to a new all-time high, not only signals the start of a new upleg, it continues a trend of positive technical signals that have emerged over the last year including breaking through its 50-day average a year ago, snapping a downtrend last October, then clearing $160 to claw back all its bear market losses and retesting it as new support between November and now.
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