TSX 60: YRI.TO, TCK.B.TO in the Spotlight Today (Sep-5-2017)

Blue Chip Stocks Gained in the TSX 60 Today

Yamana Gold Inc. is one of the mover to the upside today in the market, up $0.26 or 7.12%. YRI ended the day at $3.91 per share after trading between $3.70 and $3.91. The trading volume is unusually high, 1.59 times more than average with 3,970,000 shares changed hands. The movement today is a rebound to the stock after yesterday’s dip. YRI ended the session positively in 4 of the last 10 trading days. In the short term, the trend is bullish. Investors should watch the stock closely when it trades nearly the short term support and resistant levels near $3.63 and $4.05 respectively. Yamana Gold Inc. is a company in the Materials sector, it has a market cap of 3.71B and its price to earning ratio is 0.00. Yamana Gold Inc. also pays a 0.64% dividend to shareholders on an annual basis. The stock’s 52 week high is at $6.43 and 52 week low is at $2.84.

Kinross Gold Corporation traded higher today in the market, up $0.26 or 4.68%. K ended the day at a price of $5.81 after flipping between $5.62 and $5.84. The volume is average with 3,160,000 shares exchanged. Today’s closing figure is a rebound after yesterday’s dip. K gained in 6 of the last 10 trading sessions. The trend is bullish. Investors should pay attention to the stock when it trades nearly the short term support and resistant levels near $5.54 and $5.98 respectively. From the stock price over the past 12 months, it is slightly overbought. The stock could go both ways from the current price. It could stay in overbought territory in the short term and follow by a bit of profit taking in the next little while. Kinross Gold Corporation is a company in the Materials sector, it has a current market capitalization of 7.26B and its PE ratio is 111.47. The stock’s 52 week high is at $6.29 and 52 week low is at $3.87.

IAMGOLD Corporation is one of the top gainer today in the market, up $0.28 or 3.38%. IMG closed the day at a price of $8.57 after fluctuating between $8.36 and $8.59. The trading volume is above average, 1.37 times more than average with 2,090,000 shares exchanged. It reaches a new 52-week high today at $8.59, beating its previous 52-week high of $7.65 set on August 8th, 2016. The movement today extends the stock’s gain from yesterday. IMG ended the session positively in 7 of the last 10 trading days. In the short term, the trend is bullish. Investors should watch the stock closely when it trades around the short term support and resistant levels near $8.28 and $8.74 respectively. From the stock performance within the past 12 months, it is extremely overbought at this price level. Trader should avoid chasing the stock at the current price. Those owns the stock should take profit here and wait for a pull back before getting in again. IAMGOLD Corporation is a company in the Materials sector, it has a current market capitalization of 3.96B and its PE ratio is 6.47. The stock’s 52 week high is at $8.59 and 52 week low is at $4.18.

Cenovus Energy Inc traded positively today in the market, up $0.33 or 3.32%. CVE closed the day at $10.28 per share after trading between $10.11 and $10.37. The volume is average with 3,740,000 shares exchanged. The movement today adds to the stock’s 4 days winning streak. CVE closed positively in 5 of the last 10 trading sessions. Short term technical indicators is bullish. Traders should pay attention to the stock when it trades between the support and resistant levels near $9.99 and $10.51 respectively. Based on the stock price within the last 12 months, it is trading within oversold territory. Long term investors with patience could accumulate the stock at this level. However, be caution there is a chance that it could go lower. Cenovus Energy Inc is a company in the Energy sector, it has a market capitalization of 12.63B and its PE ratio is 4.41. Cenovus Energy Inc also pays a 1.95% dividend to shareholders annually. The stock’s 52 week high is at $22.06 and 52 week low is at $8.89.

Blue Chip Stocks Lose Ground Today in the TSX 60

Teck Resources Limited traded down in the market today, down $2.11 or -6.68%. TCK.B closed at a price of $29.47 per share after flipping between $29.05 and $30.65. The trading volume is unusually high, 2.41 times more than average with 5,560,000 shares exchanged. The movement today is a sell off after yesterday’s gain. TCK.B dropped in 3 of the last 10 trading sessions. In the short term, the trend is bearish. Traders should pay attention to the stock when it trades around the support and resistant levels near $28.12 and $31.32 respectively. Teck Resources Limited is a company in the Materials sector, it has a market capitalization of 17.03B and its price to earning ratio is 8.18. Teck Resources Limited also pays a 0.68% 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.

Bombardier, Inc. lagged the TSX 60 today in the market, down $0.1 or -4.05%. BBD.B closed the market at $2.37 per share after flipping between $2.36 and $2.45. The trading volume is above average, 1.24 times more than average with 5,210,000 shares changed hands. Today’s movement extends the stock’s loss from yesterday. BBD.B ended the session negatively in 8 of the last 10 trading sessions. The trend is bearish. Traders should pay attention to the stock when it trades nearly the short term support and resistant levels near $2.3 and $2.48 respectively. Bombardier, Inc. is a company in the Industrials sector, it has a market cap of 5.35B and its PE ratio is 0.00. The stock’s 52 week high is at $2.76 and 52 week low is at $1.56.

First Quantum Minerals Limited lagged the TSX 60 today in the market, down $0.55 or -3.61%. FM closed the day at a price of $14.68 per share after fluctuating between $14.51 and $15.47. The trading volume is average with 3,050,000 shares exchanged. Today’s closing figure puts an end to the stock’s 2 days winning streak. FM ended the session negatively in 3 of the last 10 trading sessions. In the short term, the trend for this stock is slightly bearish. Traders should pay attention to the stock when it trades nearly the short term support and resistant levels near $14.3 and $15.26 respectively. First Quantum Minerals Limited is a company in the Materials sector, it has a market capitalization of 10.14B and its price to earning ratio is 0.00. First Quantum Minerals Limited also pays a 0.07% dividend to shareholders annually. The stock’s 52 week high is at $17.55 and 52 week low is at $9.69.

Metro, Inc. is one of the mover to the downside today, down $1.12 or -2.74%. MRU.A closed at $39.70 per share after fluctuating between $39.62 and $40.33. The volume is unusually high, 2.84 times more than average with 1,400,000 shares exchanged. Today’s movement adds to the stock’s 2 days losing streak. MRU.A closed lower in 6 of the last 10 trading days. Short term technical indicators is bearish. Traders should watch the stock when it trades around the short term support and resistant levels near $39.17 and $40.59 respectively. Looking at the stock performance within the past one year, it is slightly oversold. The stock could go both ways from the current price. It could stay in oversold territory for a while and then a rebound in the next few months. Metro, Inc. is a company in the Consumer Staples sector, it has a current market capitalization of 9.04B and its price to earning ratio is 15.81. Metro, Inc. also pays a 1.64% dividend to shareholders on an annual basis. The stock’s 52 week high is at $47.41 and 52 week low is at $38.00.

Manulife Financial Corporation traded negatively today in the market, down $0.64 or -2.60%. MFC ended the day at $24.01 per share after flipping between $23.92 and $24.58. The volume is above average, 1.2 times more than average with 3,360,000 shares changed hands. The movement today is a sell off after yesterday’s uptick. MFC ended the session negatively in 5 of the last 10 trading sessions. In the short term, the trend is bearish. Investors should pay close attention to the stock when it trades around the short term support and resistant levels near $23.51 and $24.83 respectively. Manulife Financial Corporation is a company in the Financials sector, it has a current market cap of 47.58B and its PE ratio is 13.08. Manulife Financial Corporation also pays a 3.42% dividend to shareholders on an annual basis. The stock’s 52 week high is at $26.11 and 52 week low is at $17.62.

Magna International Inc. lagged the TSX 60 in the market today, down $1.17 or -1.92%. MG ended the day at a price of $59.63 per share after flipping between $59.00 and $60.67. The volume is average with 875,358 shares changed hands. Today’s decline puts an end to the stock’s 3 days winning streak. MG closed negatively in 3 of the last 10 trading days. The trend for this stock is bullish. Traders should pay close attention to the stock when it trades around the short term support and resistant levels near $58.86 and $60.53 respectively. Magna International Inc. is a company in the Consumer Discretionary sector, it has a current market cap of 22.13B and its price to earning ratio is 8.67. Magna International Inc. also pays a 2.33% dividend to shareholders annually. The stock’s 52 week high is at $62.94 and 52 week low is at $49.44.

Sun Life Financial Inc. traded negatively today in the market, down $0.86 or -1.79%. SLF closed the day at $47.29 after trading between $47.01 and $47.86. The volume is above average with 1,070,000 shares changed hands. Today’s closing figure is a sell off to the stock after yesterday’s uptick. SLF closed lower in 6 of the last 10 trading days. The trend is bearish. Investors should watch the stock when it trades nearly the support and resistant levels near $46.54 and $48.24 respectively. Sun Life Financial Inc. is a company in the Financials sector, it has a current market capitalization of 29.02B and its price to earning ratio is 11.26. Sun Life Financial Inc. also pays a 3.68% dividend to shareholders annually. The stock’s 52 week high is at $53.75 and 52 week low is at $40.00.

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