With Crude Oil climbing and holding above $80.00/bbl, energy stocks have been rallying and working their way up the relative strength rankings. Crescent Point Energy (CPG.TO), for example, has been moving up within the SIA S&P/TSX Composite Index Report starting in the red zone, moving up through the yellow zone this month and yesterday, returning to the Green Favored Zone for the first time since November.
In the last month, CPG.TO has climbed 78 positions to 56th place. Over that time, CPG.TO has rallied 14.4%, outpacing the S&P/TSX Composite Index’s gain of 4.3%.
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