Railroad Canadian Pacific (CP.TO) drifted down the rankings in the SIA S&P/TSX 60 Index Report over the last eight months of 2023, sliding out of the green zone and falling down into the red zone. In the last month, the stock’s relative strength has started to improve and the shares have climbed back up out of the red zone into the Yellow Neutral Zone.
In the last month, CP.TO has climbed 14 positions to 23rd place. Over that time, the shares have climbed 9.15% while the S&P/TSX Composite Index has fallen 0.75%.