TSX 60: PWT.TO, POW.TO in the Spotlight Today (Aug-31-2017)

Blue Chip Stocks Gained in the TSX 60 Today

Penn West Petroleum Ltd is one of the mover to the upside in the market today, up $0.06 or 5.04%. PWT ended the day at a price of $1.25 after fluctuating between $1.20 and $1.27. The volume is below average, only 60 percent of its average volume with 426,693 shares changed hands. Today’s closing figure extends the stock’s gain from yesterday. PWT closed positively in 5 of the last 10 trading sessions. The trend is bullish. Investors should watch the stock when it trades between the short term support and resistant levels near $1.17 and $1.31 respectively. Penn West Petroleum Ltd is a company in the Energy sector, it has a market cap of 630.41M and its price to earning ratio is 0.00. The stock’s 52 week high is at $1.72 and 52 week low is at $1.03.

Yamana Gold Inc. traded up today in the market, up $0.15 or 4.24%. YRI closed the day at a price of $3.69 after fluctuating between $3.52 and $3.70. The trading volume is average with 2,780,000 shares changed hands. The movement today finally put an end to the stock’s 2 days losing streak. YRI closed higher in 4 of the last 10 trading sessions. In the short term, the trend is bullish. Investors should pay attention to the stock when it trades nearly the support and resistant levels near $3.46 and $3.82 respectively. Yamana Gold Inc. is a company in the Materials sector, it has a current market capitalization of 3.50B and its price to earning ratio is 0.00. Yamana Gold Inc. also pays a 0.68% dividend to shareholders annually. The stock’s 52 week high is at $6.43 and 52 week low is at $2.84.

Cenovus Energy Inc helped the TSX 60 gain ground today, up $0.34 or 3.61%. CVE closed the market at a price of $9.77 per share after fluctuating between $9.39 and $9.81. The trading volume is above average, 1.44 times more than average with 4,910,000 shares changed hands. Today’s gain adds to the stock’s 2 days winning streak. CVE ended the session positively in 3 of the last 10 trading sessions. In the short term, the trend is bullish. Traders should pay close attention to the stock when it trades between the short term support and resistant levels near $9.24 and $10.08 respectively. From the stock price over the past 52 weeks, analysis shows the stock is trading within oversold territory. Long term investors with patience could buy into the stock at this level. However, be careful there is a chance that it could go lower. Cenovus Energy Inc is a company in the Energy sector, it has a current market capitalization of 12.00B and its price to earning ratio is 4.20. Cenovus Energy Inc also pays a 2.05% dividend to shareholders on an annual basis. The stock’s 52 week high is at $22.06 and 52 week low is at $8.89.

Enerplus Corp moved the index higher today in the market, up $0.36 or 3.36%. ERF ended the day at $11.09 after fluctuating between $10.76 and $11.16. The volume is above average with 1,170,000 shares changed hands. Today’s closing figure is a rebound after yesterday’s sell off. ERF closed positively in 3 of the last 10 trading days. In the short term, the trend for this stock is slightly bullish. Investors should watch the stock when it trades around the short term support and resistant levels near $10.85 and $11.25 respectively. Enerplus Corp is a company in the Energy sector, it has a current market cap of 2.69B and its price to earning ratio is 3.04. Enerplus Corp also pays a 1.08% dividend to shareholders on an annual basis. The stock’s 52 week high is at $13.55 and 52 week low is at $7.43.

Toronto-Dominion Bank fueled some of the TSX 60 gain today, up $2.16 or 3.33%. TD closed the day at $67.06 after flipping between $66.32 and $67.20. The volume is unusually high, 3.48 times more than average with 8,100,000 shares exchanged. Today’s movement adds to the stock’s 2 days winning streak. TD closed higher in 6 of the last 10 trading sessions. Short term technical indicators is bullish. Traders should watch the stock when it trades nearly the short term support and resistant levels near $65.98 and $67.74 respectively. Toronto-Dominion Bank is a company in the Financials sector, it has a current market cap of 123.99B and its PE ratio is 13.25. Toronto-Dominion Bank also pays a 3.58% dividend to shareholders annually. The stock’s 52 week high is at $71.31 and 52 week low is at $56.93.

Blue Chip Stocks Lose Ground Today in the TSX 60

Power Corporation of Canada traded down in the market today, down $0.41 or -1.33%. POW closed at $30.52 after trading between $30.51 and $31.03. The trading volume is above average, 1.33 times more than average with 876,250 shares changed hands. Today’s decline puts an end to the stock’s 2 days winning streak. POW closed lower in 4 of the last 10 trading sessions. In the short term, the trend is bearish. Traders should watch the stock when it trades between the short term support and resistant levels near $30.17 and $31.21 respectively. Power Corporation of Canada is a company in the Financials sector, it has a market capitalization of 12.66B and its PE ratio is 10.37. Power Corporation of Canada also pays a 4.70% dividend to shareholders on an annual basis. The stock’s 52 week high is at $32.49 and 52 week low is at $26.80.

Teck Resources Limited traded lower today, down $0.31 or -0.99%. TCK.B ended the day at a price of $31.08 after trading between $31.05 and $31.62. The volume is average with 2,470,000 shares changed hands. Today’s closing figure extends the stock’s decline from yesterday. TCK.B closed negatively in 3 of the last 10 trading sessions. Technical indicators is bullish. Investors should pay attention to the stock when it trades around the support and resistant levels near $30.68 and $31.82 respectively. Teck Resources Limited is a company in the Materials sector, it has a current market cap of 18.11B and its price to earning ratio is 8.62. Teck Resources Limited also pays a 0.64% dividend to shareholders on an annual basis. The stock’s 52 week high is at $35.67 and 52 week low is at $19.27.

Saputo Inc. traded negatively in the market today, down $0.28 or -0.66%. SAP closed the market at $42.16 per share after trading between $41.84 and $42.44. The trading volume is above average, 1.24 times more than average with 621,178 shares changed hands. Today’s decline puts an end to the stock’s 2 days winning streak. SAP closed negatively in 6 of the last 10 trading days. Technical indicators is bearish. Traders should watch the stock when it trades around the short term support and resistant levels near $41.55 and $42.75 respectively. Saputo Inc. is a company in the Consumer Staples sector, it has a current market capitalization of 16.28B and its PE ratio is 22.18. Saputo Inc. also pays a 1.52% dividend to shareholders annually. The stock’s 52 week high is at $48.98 and 52 week low is at $39.74.

Bank of Montreal is one of the top laggard in the market today, down $0.49 or -0.54%. BMO ended the day at $89.61 after flipping between $89.57 and $90.53. The trading volume is unusually high, 1.73 times more than average with 1,890,000 shares changed hands. Today’s movement is a sell off to the stock after yesterday’s uptick. BMO closed negatively in 5 of the last 10 trading sessions. In the short term, the trend is bearish. Traders should pay close attention to the stock when it trades nearly the support and resistant levels near $88.94 and $90.86 respectively. Bank of Montreal is a company in the Financials sector, it has a market capitalization of 58.13B and its PE ratio is 11.02. Bank of Montreal also pays a 4.02% dividend to shareholders annually. The stock’s 52 week high is at $104.15 and 52 week low is at $83.43.

Shaw Communications Inc. lagged the TSX 60 in the market today, down $0.14 or -0.50%. SJR.B closed the day at a price of $27.86 per share after fluctuating between $27.73 and $27.98. The volume is average with 738,163 shares exchanged. The movement today puts an end to the stock’s 2 days winning streak. SJR.B ended the session negatively in 6 of the last 10 trading sessions. Short term technical indicators is bullish. Investors should watch the stock when it trades around the support and resistant levels near $27.61 and $28.11 respectively. Shaw Communications Inc. is a company in the Consumer Discretionary sector, it has a market capitalization of 13.82B and its PE ratio is 25.46. Shaw Communications Inc. also pays a 4.25% dividend to shareholders on an annual basis. The stock’s 52 week high is at $30.44 and 52 week low is at $25.69.

BCE Inc. took some points off the TSX 60 today, down $0.28 or -0.47%. BCE closed the market at $59.44 per share after trading between $59.27 and $59.76. The volume is average with 1,060,000 shares exchanged. The movement today puts an end to the stock’s 6 days winning streak. BCE dropped in 3 of the last 10 trading days. The trend is bullish. Investors should pay attention to the stock when it trades nearly the support and resistant levels near $59 and $59.98 respectively. BCE Inc. is a company in the Telecommunication Services sector, it has a current market cap of 53.52B and its price to earning ratio is 18.35. BCE Inc. also pays a 4.83% dividend to shareholders annually. The stock’s 52 week high is at $63.00 and 52 week low is at $56.80.

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