Shopify’s (SHOP.TO) relative strength has been quite volatile over time, particularly since last summer with the shares making several short round trips between the red zone and the green zone of the SIA S&P/TSX 60 Index Report. Even since the start of this year, SHOP.TO has shot up from the red zone to the top of the green zone, only to backslide toward the bottom of the Yellow Neutral Zone. Yesterday, SHOP.TO dropped 18 spots to 29th place but even with that decline, it is still up 15 positions over the last month. Shopify’s (SHOP.TO) relative strength has been quite volatile over time, particularly since last summer with the shares making several short round trips between the red zone and the green zone of the SIA S&P/TSX 60 Index Report. Even since the start of this year, SHOP.TO has shot up from the red zone to the top of the green zone, only to backslide toward the bottom of the Yellow Neutral Zone. Yesterday, SHOP.TO dropped 18 spots to 29th place but even with that decline, it is still up 15 positions over the last month.
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