Since November, ATS Automation Tooling Systems (ATA.TO) has been trending upward within the SIA S&P/TSX Composite Index Report. It recently returned to the Green Favored Zone for the first time since June and continues to climb. Currently in 35th place after rising 9 spots yesterday, the shares have moved up 32 spots in the last month.
Energy producer ARC Resources (ARX.TO) recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index Report and continues to rise up the rankings. On Friday it moved up another 10 spots to 28th place and it is up 27 spots in the last month. Accumulation of shares continues with a breakout over $7.40 completing a bullish Double Top, adding to the completion of a bullish Spread Double Top in January and the snapping of a downtrend line back in October.
Chipmaker Nvidia (NVDA) has returned to the Green Favored Zone of the SIA S&P 100 Index Report from a brief dip into the yellow zone after climbing 9 spots yesterday to 25th place. Share accumulation in Nvidia (NVDA) has intensified this week, culminating in a major breakout to a new all-time high. Since September, the shares had been trending sideways with lower highs and higher lows forming a Symmetrical Triangle, indicative of a consolidation phase within a larger upward trend.
Since November, Enerplus (ERF.TO) has been steadily climbing up the rankings in the SIA S&P/TSX Composite Index Report, rising from deep in the red zone and returning to the Green Favored Zone this week. The shares have climbed 49 spots in the last week including 13 yesterday to 12th place.
Clothing producer Hanesbrands (HBI) returned to the Green Favored Zone of the SIA S&P 500 Index Report yesterday after a 24.9% one-day jump in the share price in response to earnings sent the shares screaming up 111 spots in the rankings to 18th place. The shares are also up 200 spots in the last month. Accumulation accelerated dramatically yesterday with the shares blasting through $17.50 and taking a run at $20.00 for the first time since 2018 on a big spike in volume.
A classic, textbook breakout is underway for shares of homebuilder DR Horton Inc. (DHI), which recently returned to the Green Favored Zone of the SIA S&P 500 Index Report from a dip down into the red zone and continues to climb up the rankings. In the last month, the shares have moved up 248 places to 68th place, including a gain of 22 spots yesterday.
Since returning to the Green Favored Zone of the SIA S&P 500 Index Report back in October, Under Armour (UA) has continued to steadily climb up the rankings. On Friday it moved up another 6 spots to 28th place. After completing a bullish Ascending Triangle base with a breakout over $10.00 back in September, the shares rallied up into the $15.00 to $16.50 range where they had paused for the last few weeks to consolidate gains.
Canada Goose (GOOS.TO) recently returned the Green Favored Zone of the SIA S&P/TSX Composite Index Report from a brief dip into the red zone. Yesterday, on the back of a positive earnings report, the shares soared 22.3%, driving the shares up 30 spots to 15th place.
Back in October, asset manager Invesco (IVZ) returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since 2013. Since then, the shares have continued to climb toward the top of the rankings, moving up 2 spots yesterday and 30 spots in the last month to 4th place.
Aurora Cannabis (ACB.TO) has benefitted lately from a rally in marijuana stocks on speculation that the new Democratic regime in the US could be friendlier to the pot sector. ACB.TO shares recently returned to the Green Favored Zone of the SIA S&P/TSX Composite Index report having climbed 175 spots in the last month. Yesterday, a 12.8% rally propelled the share up 30 spots to 25th place.
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