Enbridge Inc. (ENB.TO) has moved into the Red Unfavored zone in the SIA S&P/TSX 60 Index Report yesterday which it hasn’t been since January of this year. ENB.TO has dropped nine spots in the last month.
Enbridge Inc. (ENB.TO) has moved into the Red Unfavored zone in the SIA S&P/TSX 60 Index Report yesterday which it hasn’t been since January of this year. ENB.TO has dropped nine spots in the last month.
Base metal miner Teck Resources (TECK.B.TO) climbed 3 positions in the SIA S&P/TSX 60 Index Report to top spot on Friday and it is up 10 positions in the last month. Teck Resources has spent most of 2022 in the Green Favored Zone, except for a summer drop down into the red zone. Since returning to the Green Favored Zone, TECK.B.TO is up 16.5%.
Homebuilder DR Horton (DHI) returned to the Green Favored Zone of the SIA S&P 500 Index Report for the first time since January, continuing an upward trend in the relative strength rankings which started deep in the red zone back in April. Yesterday, DHI finished in 85th position up 59 places on the day and up 116 spots in the last month.
Reflecting a rotation into defensive health care stocks, and responding to positive clinical trial news, vaccine producer Moderna (MRNA) jumped 30 spots in the SIA S&P 500 Index Report yesterday to 13th place. The shares have been climbing back up the rankings since October and since they returned to the Green Favored Zone in early November, they have returned 27.3%.
After spending a year languishing in the red zone of the SIA NASDAQ 100 Index Report, most of that right near the bottom, Docusign (DOCU) suddenly shot straight up into the Green Favored Zone yesterday on the back of a positive earnings report that sparked a 7.3% rally in the share price. Docusign currently sits in 24th position after climbing 29 spots yesterday and 57 places in the last month.
Chipmaker for data center applications Broadcom (AVGO) started climbing back up the rankings in the SIA NASDAQ 100 Index Report in October. Yesterday it returned to the Green Favored Zone in 26th place after climbing 4 spots yesterday and 21 positions in the last month.
Gold miner Dundee Precious Metals (DPM.TO) jumped 6.0% on news of positive exploration results from a project in Serbia yesterday. This enabled the shares to jump 71 spots in the SIA S&P/TSX Composite Index Report to 33rd place.
Gold and Silver royalty company Wheaton Precious Metals (WPM.TO) has been steadily climbing back up the rankings in the SIA S&P/TSX Composite Index Report. This rise started deep in the red zone back in September of 2022 and has culminated in the shares returning to the Green Favored Zone for the first time since September of 2020. Yesterday, WPM.TO finished in 58th place up 15 spots on the day and up 66 positions in the last month.
Textron (TXT) is a producer of helicopters, other aircraft and other types of vehicles for defense and industrial applications. Since returning to the Green Favored Zone in the SIA S&P 500 Index Report in October from a brief dip into the yellow zone, TXT shares are up 19.8%. Yesterday, they moved up another 13 spots and currently sit in the 69th position.
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