TSX 60: BBD.B.TO, YRI.TO in the Spotlight Today (Sep-6-2017)

Blue Chip Stocks Gained in the TSX 60 Today

Bombardier, Inc. traded higher in the market today, up $0.06 or 2.53%. BBD.B closed the market at $2.43 after flipping between $2.36 and $2.46. The volume is average with 4,050,000 shares changed hands. Today’s closing figure finally put an end to the stock’s 2 days losing streak. BBD.B closed higher in 1 of the last 10 trading sessions. Short term technical indicators is bearish. Traders should pay attention to the stock when it trades between the short term support and resistant levels near $2.32 and $2.52 respectively. Bombardier, Inc. is a company in the Industrials sector, it has a market capitalization of 5.48B and its price to earning ratio is 0.00. The stock’s 52 week high is at $2.76 and 52 week low is at $1.56.

Canadian Natural Resource Ltd is one of the top gainer in the market today, up $0.72 or 1.83%. CNQ closed the day at a price of $40.02 per share after fluctuating between $39.28 and $40.09. The trading volume is average with 2,290,000 shares exchanged. Today’s gain adds to the stock’s 3 days winning streak. CNQ gained in 6 of the last 10 trading sessions. Technical indicators is bullish. Traders should watch the stock closely when it trades around the short term support and resistant levels near $38.99 and $40.61 respectively. Canadian Natural Resource Ltd is a company in the Energy sector, it has a current market cap of 48.62B and its PE ratio is 29.44. Canadian Natural Resource Ltd also pays a 2.75% dividend to shareholders annually. The stock’s 52 week high is at $46.74 and 52 week low is at $35.90.

Penn West Petroleum Ltd traded up in the market today, up $0.02 or 1.60%. PWT ended the day at a price of $1.27 after flipping between $1.26 and $1.28. The trading volume is below average with 514,711 shares exchanged. Today’s movement is a rebound to the stock after yesterday’s dip. PWT closed positively in 7 of the last 10 trading days. Short term technical indicators is bullish. Traders should watch the stock closely when it trades around the support and resistant levels near $1.25 and $1.29 respectively. Penn West Petroleum Ltd is a company in the Energy sector, it has a current market cap of 640.50M 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.

Potash Corp. traded up today in the market, up $0.23 or 1.08%. POT closed the day at $21.61 per share after trading between $21.35 and $21.68. The trading volume is average with 1,250,000 shares changed hands. Today’s gain finally put an end to the stock’s 2 days losing streak. POT ended the session positively in 2 of the last 10 trading days. Technical indicators for this stock is bearish. Investors should watch the stock when it trades between the short term support and resistant levels near $21.41 and $21.74 respectively. From the stock price over the past one year, 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. Potash Corp. is a company in the Materials sector, it has a market capitalization of 18.15B and its PE ratio is 30.77. Potash Corp. also pays a 2.41% dividend to shareholders annually. The stock’s 52 week high is at $26.62 and 52 week low is at $20.67.

ARC Resources Ltd traded higher today, up $0.17 or 1.04%. ARX closed the day at a price of $16.53 after trading between $16.21 and $16.53. The trading volume is average with 787,412 shares exchanged. Today’s closing figure is a rebound after yesterday’s sell off. ARX ended the session positively in 4 of the last 10 trading days. The trend is bullish. Traders should pay close attention to the stock when it trades between the short term support and resistant levels near $16.1 and $16.74 respectively. From the stock price over the past 52 weeks, it is trading within oversold territory. Long term investors with patience could buy into the stock around this level. However, be careful there is a chance that it could move lower. ARC Resources Ltd is a company in the Energy sector, it has a current market capitalization of 5.85B and its PE ratio is 12.65. ARC Resources Ltd also pays a 3.63% dividend to shareholders on an annual basis. The stock’s 52 week high is at $24.94 and 52 week low is at $15.61.

Suncor Energy Inc. moved the index higher today, up $0.37 or 0.94%. SU closed the day at a price of $39.79 per share after flipping between $39.22 and $39.92. The volume is average with 2,400,000 shares changed hands. Today’s closing figure is a rebound after yesterday’s dip. SU ended the session positively in 5 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 around the short term support and resistant levels near $38.94 and $40.34 respectively. Suncor Energy Inc. is a company in the Energy sector, it has a current market cap of 65.87B and its price to earning ratio is 24.59. Suncor Energy Inc. also pays a 3.22% dividend to shareholders on an annual basis. The stock’s 52 week high is at $44.90 and 52 week low is at $34.01.

Blue Chip Stocks Lose Ground Today in the TSX 60

Yamana Gold Inc. is one of the top laggard today, down $0.18 or -4.60%. YRI ended the day at a price of $3.73 after trading between $3.71 and $3.92. The volume is above average, 1.46 times more than average with 3,560,000 shares exchanged. Today’s movement is a sell off after yesterday’s gain. YRI closed negatively in 5 of the last 10 trading days. Short term technical indicators is bullish. Traders should watch the stock closely when it trades between the support and resistant levels near $3.58 and $4 respectively. Yamana Gold Inc. is a company in the Materials sector, it has a current market capitalization of 3.79B and its price to earning ratio is 0.00. Yamana Gold Inc. also pays a 0.67% dividend to shareholders annually. The stock’s 52 week high is at $6.43 and 52 week low is at $2.84.

Barrick Gold Corporation traded negatively today in the market, down $0.7 or -3.11%. ABX closed the market at a price of $21.83 after fluctuating between $21.70 and $22.64. The volume is average with 2,410,000 shares changed hands. The movement today is a sell off to the stock after yesterday’s uptick. ABX closed lower in 2 of the last 10 trading sessions. The trend for this stock is slightly bearish. Traders should watch the stock closely when it trades between the short term support and resistant levels near $21.47 and $22.41 respectively. Barrick Gold Corporation is a company in the Materials sector, it has a market cap of 25.58B and its PE ratio is 8.71. Barrick Gold Corporation also pays a 0.69% dividend to shareholders on an annual basis. The stock’s 52 week high is at $27.19 and 52 week low is at $18.52.

Eldorado Gold Corporation traded down in the market today, down $0.08 or -3.09%. ELD ended the day at a price of $2.51 after trading between $2.50 and $2.60. The volume is average with 1,980,000 shares exchanged. Today’s movement is a sell off after yesterday’s uptick. ELD closed negatively in 4 of the last 10 trading days. In the short term, the trend for this stock is bullish. Investors should watch the stock closely when it trades nearly the support and resistant levels near $2.47 and $2.57 respectively. Looking at the stock performance over the last one year, 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 current market cap of 1.99B and its PE ratio is 124.69. The stock’s 52 week high is at $5.63 and 52 week low is at $2.24.

Agnico-Eagle Mines Limited lagged the TSX 60 in the market today, down $1.8 or -2.83%. AEM ended the day at a price of $61.78 per share after trading between $61.52 and $64.13. The trading volume is above average, 1.24 times more than average with 797,196 shares changed hands. Today’s closing figure is a sell off to the stock after yesterday’s uptick. AEM dropped in 4 of the last 10 trading days. The trend for this stock is slightly bearish. Investors should pay attention to the stock when it trades around the short term support and resistant levels near $60.82 and $63.43 respectively. Agnico-Eagle Mines Limited is a company in the Materials sector, it has a current market cap of 14.37B and its PE ratio is 46.11. Agnico-Eagle Mines Limited also pays a 0.81% dividend to shareholders on an annual basis. The stock’s 52 week high is at $74.57 and 52 week low is at $46.91.

Goldcorp Inc. traded lower today, down $0.49 or -2.81%. G ended the day at $16.92 after fluctuating between $16.71 and $17.46. The trading volume is above average, 1.29 times more than average with 2,820,000 shares changed hands. Today’s closing figure is a sell off after yesterday’s gain. G dropped in 4 of the last 10 trading days. Technical indicators for this stock is bullish. Traders should pay close attention to the stock when it trades between the short term support and resistant levels near $16.6 and $17.35 respectively. Based on the stock price within the past 12 months, the chart shows the stock is slightly oversold. The stock could go both ways from the current price range. It could go deeper into the oversold territory and then a rebound in the next few months. Goldcorp Inc. is a company in the Materials sector, it has a market capitalization of 14.67B and its PE ratio is 25.21. Goldcorp Inc. also pays a 0.59% dividend to shareholders annually. The stock’s 52 week high is at $23.35 and 52 week low is at $15.76.

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