TSX 60: NA.TO, YRI.TO in the Spotlight Today (Aug-30-2017)

Blue Chip Stocks Gained in the TSX 60 Today

National Bank of Canada traded up today, up $1.87 or 3.37%. NA closed the day at a price of $57.29 after fluctuating between $56.00 and $57.71. The trading volume is unusually high, 2.63 times more than average with 1,910,000 shares exchanged. Today’s closing figure extends the stock’s gain from yesterday. NA closed positively in 5 of the last 10 trading sessions. Short term technical indicators is bullish. Traders should watch the stock when it trades around the short term support and resistant levels near $55.29 and $58.71 respectively. Looking at the stock performance over the past 12 months, analysis shows the stock is slightly overbought. The stock could go both ways from here. It could stay in overbought territory in the short term and then a pull back in the next little while. National Bank of Canada is a company in the Financials sector, it has a market cap of 19.55B and its price to earning ratio is 12.17. National Bank of Canada also pays a 4.05% dividend to shareholders annually. The stock’s 52 week high is at $59.12 and 52 week low is at $45.11.

Penn West Petroleum Ltd fueled some of the TSX 60 gain today, up $0.02 or 1.71%. PWT ended the day at a price of $1.19 per share after fluctuating between $1.17 and $1.20. The trading volume is unusually low, only 36 percent of its average volume with 261,670 shares exchanged. Today’s movement finally put an end to the stock’s 2 days losing streak. PWT ended the session positively in 4 of the last 10 trading sessions. Technical indicators is bullish. Traders should pay attention to the stock when it trades nearly the short term support and resistant levels near $1.16 and $1.22 respectively. Penn West Petroleum Ltd is a company in the Energy sector, it has a current market cap of 600.15M and its PE ratio is 0.00. The stock’s 52 week high is at $1.72 and 52 week low is at $1.03.

EnCana Corporation helped the TSX 60 gain ground today in the market, up $0.18 or 1.61%. ECA closed the market at $11.39 after flipping between $11.06 and $11.43. The volume is average with 3,860,000 shares changed hands. Today’s movement finally put an end to the stock’s 3 days losing streak. ECA closed positively in 4 of the last 10 trading sessions. Technical indicators is bearish. Investors should watch the stock when it trades around the support and resistant levels near $10.92 and $11.66 respectively. From the stock price over the past 52 weeks, the stock is trading within oversold territory. Bargain hunters with patience could accumulate the stock around this level. However, be careful there is a chance that it could move lower. EnCana Corporation is a company in the Energy sector, it has a current market capitalization of 11.08B and its PE ratio is 10.54. EnCana Corporation also pays a 0.66% dividend to shareholders annually. The stock’s 52 week high is at $18.13 and 52 week low is at $10.54.

Imperial Oil Limited fueled some of the TSX 60 gain today in the market, up $0.5 or 1.37%. IMO closed the market at a price of $36.92 per share after trading between $36.28 and $37.16. The trading volume is below average with 549,171 shares changed hands. Today’s gain adds to the stock’s 6 days winning streak. IMO ended the session positively in 8 of the last 10 trading days. The trend is bullish. Investors should watch the stock when it trades nearly the short term support and resistant levels near $35.91 and $37.67 respectively. From the stock performance over the last 52 weeks, the stock is slightly oversold. The stock could go both up or down from the current price. It could go deeper into the oversold territory and follow by a buy back from value investor or trader in the next few months. Imperial Oil Limited is a company in the Energy sector, it has a market cap of 31.17B and its price to earning ratio is 11.61. Imperial Oil Limited also pays a 1.73% dividend to shareholders annually. The stock’s 52 week high is at $48.72 and 52 week low is at $35.15.

Magna International Inc. moved the index higher today in the market, up $0.76 or 1.31%. MG closed the market at a price of $58.81 per share after flipping between $57.80 and $58.96. The volume is below average with 721,716 shares changed hands. Today’s movement finally put an end to the stock’s 3 days losing streak. MG closed positively in 5 of the last 10 trading sessions. Short term technical indicators for this stock is bearish. Investors should pay attention to the stock when it trades between the support and resistant levels near $58.09 and $59.25 respectively. Magna International Inc. is a company in the Consumer Discretionary sector, it has a market capitalization of 21.79B and its price to earning ratio is 8.48. Magna International Inc. also pays a 2.37% dividend to shareholders on an annual basis. The stock’s 52 week high is at $62.94 and 52 week low is at $49.44.

Blue Chip Stocks Lose Ground Today in the TSX 60

Yamana Gold Inc. lagged the TSX 60 today in the market, down $0.07 or -1.94%. YRI ended the day at $3.54 per share after fluctuating between $3.53 and $3.61. The trading volume is below average with 1,900,000 shares changed hands. The movement today extends the stock’s decline from yesterday. YRI closed lower in 4 of the last 10 trading days. Short term technical indicators is bullish. Traders should pay close attention to the stock when it trades nearly the support and resistant levels near $3.48 and $3.64 respectively. From the stock price over the last year, analysis shows the stock is slightly oversold. The stock could go both up or down from the current price. It could move lower and then a rebound in the next few months. Yamana Gold Inc. is a company in the Materials sector, it has a market cap of 3.36B and its price to earning ratio is 0.00. Yamana Gold Inc. also pays a 0.71% dividend to shareholders annually. The stock’s 52 week high is at $6.43 and 52 week low is at $2.84.

First Quantum Minerals Limited is one of the mover to the downside today in the market, down $0.28 or -1.84%. FM ended the day at $14.90 after trading between $14.82 and $15.26. The trading volume is above average, 1.28 times more than average with 3,430,000 shares changed hands. The movement today extends the stock’s loss from yesterday. FM closed lower in 4 of the last 10 trading days. Short term technical indicators is bullish. Traders should watch the stock closely when it trades around the short term support and resistant levels near $14.55 and $15.43 respectively. First Quantum Minerals Limited is a company in the Materials sector, it has a market capitalization of 10.27B and its PE ratio is 0.00. First Quantum Minerals Limited also pays a 0.07% dividend to shareholders on an annual basis. The stock’s 52 week high is at $17.55 and 52 week low is at $9.63.

Canadian Natural Resource Ltd moved the index lower in the market today, down $0.62 or -1.59%. CNQ ended the day at $38.36 per share after fluctuating between $38.35 and $38.88. The trading volume is average with 2,280,000 shares exchanged. The movement today is a sell off after yesterday’s gain. CNQ dropped in 6 of the last 10 trading sessions. The trend for this stock is bearish. Investors should watch the stock closely when it trades nearly the short term support and resistant levels near $38.18 and $38.71 respectively. Canadian Natural Resource Ltd is a company in the Energy sector, it has a market capitalization of 46.61B and its PE ratio is 28.22. Canadian Natural Resource Ltd also pays a 2.87% dividend to shareholders annually. The stock’s 52 week high is at $46.74 and 52 week low is at $35.90.

Eldorado Gold Corporation traded negatively in the market today, down $0.04 or -1.57%. ELD closed the day at $2.51 per share after fluctuating between $2.49 and $2.56. The volume is below average with 1,460,000 shares exchanged. Today’s movement extends the stock’s decline from yesterday. ELD closed negatively in 3 of the last 10 trading days. Technical indicators is bullish. Investors should pay close attention to the stock when it trades around the short term support and resistant levels near $2.45 and $2.59 respectively. Looking at the stock price within the past 12 months, it is trading within oversold territory. Bargain hunters with patience could buy into the stock around this level. However, be careful there is a chance that it could go lower. Eldorado Gold Corporation is a company in the Materials sector, it has a market capitalization of 1.99B and its PE ratio is 123.28. The stock’s 52 week high is at $5.63 and 52 week low is at $2.24.

Enerplus Corp is one of the top laggard today, down $0.16 or -1.47%. ERF closed the day at a price of $10.73 per share after flipping between $10.64 and $10.97. The volume is above average, 1.29 times more than average with 1,270,000 shares changed hands. Today’s closing figure is a sell off after yesterday’s gain. ERF ended the session negatively in 6 of the last 10 trading days. Short term technical indicators is bearish. Investors should pay attention to the stock when it trades nearly the support and resistant levels near $10.45 and $11.11 respectively. Enerplus Corp is a company in the Energy sector, it has a market cap of 2.60B and its price to earning ratio is 2.94. Enerplus Corp also pays a 1.12% dividend to shareholders annually. The stock’s 52 week high is at $13.55 and 52 week low is at $7.43.

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