With the price of Crude Oil on the rise in recent weeks, Energy stocks have been attracting renewed attention from investors and moving back up in broad market relative strength rankings.
Imperial Oil (IMO.TO), for example, has been climbing back up the rankings in the SIA S&P/TSX 60 Index Report for the last month, over which time it moved up 11 spots. Yesterday, IMO.TO returned to the Green Favored Zone for the first time since October after moving up another 2 positions to 15th place.
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