Laurentian Bank (LB.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report for the first time since 2015 and only the second time since 2008. Yesterday, the shares finished in 45th place, up 9 spots on the day and up 13 spots in the last month. Since November, Laurentian Bank (LB.TO) shares have been recovering in a step pattern of rallies in increased volume, followed by periods of consolidation at higher levels, a sign of renewed accumulation. Earlier this year, the shares snapped out of a long-term downtrend. This week, LB.TO has launched up off of $40.00, on volume, clearing a long-term support/resistance/round number hurdle, and signaling the start of a new upleg.
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