Internet advertising agency AcuityADS Holdings (AT.TO) spent nearly all of the last year in the doldrums, stuck deep in the red zone of the SIA S&P/TSX Composite Index Report. In the last couple of weeks, it has caught fire and rocketed up toward the top of the Yellow Neutral Zone. Yesterday it finished in 62nd place, 2 spots outside of the green zone after jumping 13 places on the day and 158 positions in the last month.
Heavy equipment distributor Toromont Industries (TIH.TO) has been climbing back up the rankings in the SIA S&P/TSX Composite Index Report for the last month. Yesterday, it moved up 6 positions to 60th place to the top of the Yellow Neutral Zone, one position outside of the green zone where it has not been since September.
Energy producer Peyto Exploration (PEY.TO) returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report in January and has continued to climb up the relative strength rankings. On Friday, it finished in 5th place, up 9 positions on the day and up 20 spots in the last month.
Last month, a breakdown and selloff in Aritzia (ATZ.TO) shares was contained by previous support near the $40.00 round number. Since then, the shares have been bouncing back. A breakout over $50.00 on Wednesday completed a small Reverse Head and Shoulders base signalling the start of a new upswing.
The rebound in US and European stock markets which started tentatively last week has accelerated this week. With peace talks between Russia and Ukraine continuing, some of the darkest fears which had gripped markets through February and the first part of March have eased a bit, enabling some of the more depressed areas within equities to rebound including European indices, small caps, and technology/communications stocks.
Apple (AAPL) had been drifting downward within the SIA S&P 500 Index Report since December but appears to be turning the corner. AAPL returned to the Green Favored Zone yesterday from a short dip into the yellow zone after moving up
Although it has been hanging around the border between the Green Favored Zone and the yellow zone in the SIA S&P 500 Index Report for the last six weeks, Host Hotels & Resorts (HST) remains in a general upward trend of increasing relative strength that started last summer. Yesterday, HST climbed 6 positions to 122nd place.
Over the last few days, Tesla Motors (TSLA) has soared back up the rankings in the SIA S&P 100 Index Report, climbing up from deep in the red zone, blasting through the yellow zone and returning to the Green Favored Zone for the first time since November. Yesterday TSLA jumped another 12 positions to 25th place and it is up 73 spots in the last month.
Dexcom (DXCM) a medical device company that produces glucose monitors for diabetes patients, has been climbing up the rankings in the SIA S&P 500 Index Report for the last month from deep in the red zone back up into the Green Favored Zone for the first time since November. Yesterday, DXCM finished in 113th place, up 28 spots on the day and up 242 positions in the last month.
Monolithic Power Systems (MPWR), a producer of semiconductor chips for electronics power control applications, continues to work its way back upward in the rankings of the SIA S&P 500 Index Report. Climbing up from lows in the red zone last month and the yellow zone last week, MPLR recently returned to the Green Favored Zone and jumped 50 positions yesterday to 39th place.
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