Category: Daily Stock Report

Shares of Lululemon Athletica Inc. (LULU) have been steadily climbing out of the red unfavored zone where they have spent the better part of 2021. After moving up 49 spots over the past quarter and 24 spots over the last month, the shares sit just outside of the Green Favored Zone at a current rank of 28 within the NASDAQ 100 Index Report.

For almost a year, athletic clothing producer Gildan Activewear (GIL.TO) has been in the Green Favored Zone of the SIA S&P/TSX 60 Index Report, gaining 85.7% over that time. Yesterday, the shares climbed up to top spot in the report for the first time after moving up 3 places on the day.

Since January the world’s largest fertilizer producer, Nutrien Ltd’s shares have continued to remain firm and currently re-entered the Green Favored Zone of the SIA/TSX 60 Index Report at the #15 spot after spending brief periods of time in the Neutral Zone while still holding its positive SMAX score throughout.

4 months ago, Drug company Pfizer Inc. (PFE) sat at the bottom of the SIA S&P 100 Index Report and has not been included in the Green Favored Zone since January of 2019. However after moving up 60 spots over the last month and 57 spots over the last quarter, Pfizer shares sit just 3 slots outside of that Green Favored Zone currently in the 29th spot.

In today’s edition of the Daily Stock Report we take a look at Shopify Inc. (SHOP.TO). Shopify offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: Subscription Solutions and Merchant Solutions. We last looked at Shopify in the June 17, 2021 edition of the Daily Stock Report when the shares rallied out of the Red Zone into the Yellow Neutral Zone of the SIA S&P/TSX 60 Index Report with a price of $1670.47.

Emerson Electric Co (EMR) moved into the Favored Zone of the SIA S&P 100 Index Report back on Nov 23, 2020, at a price of $77.81. Today the shares are at $104.11 representing a 33.8% price appreciation since then. Currently, it occupies the #19 spot in the SIA S&P 100 Index Report.

Capital One Financial Corp. (COF) has consistently been in the Green Favored Zone of the SIA Russell 1000 large cap Index Report since December 2020, with the shares up 77.11% over that time. Yesterday, they moved up 4 spots to 23rd place.

Currently, AltaGas (ALA.TO occupies the 16th spot in the SIA TSX Composite Index Report. In analyzing the Candlestick Chart, we see the shares have recently broke above some significant long term resistance at approximately the $25.50 price level signaling a potential move higher to try and test the prior high at the $31.50 area, which we haven’t seen since 2015.

We last reported on Paycom Software (PAYC) in the October 5th, 2020 edition of the DSR. At that time PAYC had returned to the Green Zone for the first time since July after moving up 200 places and rising from the red zone to the Green Favored Zone. In the last few days, they have come under renewed accumulation, forming an unconfirmed Bullish Double Top pattern.

Power Corp (POW.TO) first entered the Green Favored Zone of the SIA TSX Composite Index report earlier this year on April 13th at a price of $34.29. After Friday’s close the shares were at $41.44 representing a 20.85% price appreciation since first entering the favored zone. A brief and shallow pullback occurred earlier this summer but now we see a significant breakout occur at its previous high near $40.00 with a another potential new upleg forming. Support can be found at the prior high near $40.00 while resistance is near the $48.00 area.