TSX 60: VRX.TO, YRI.TO in the Spotlight Today (Sep-11-2017)

Blue Chip Stocks Gained in the TSX 60 Today

Valeant Pharmaceuticals Int traded positively today, up $0.69 or 4.18%. VRX ended the day at $17.21 per share after flipping between $16.74 and $17.51. The trading volume is average with 1,300,000 shares exchanged. Today’s movement adds to the stock’s 2 days winning streak. VRX ended the session positively in 5 of the last 10 trading sessions. Technical indicators is bullish. Investors should watch the stock closely when it trades between the short term support and resistant levels near $16.38 and $17.92 respectively. Valeant Pharmaceuticals Int is a company in the Health Care sector, it has a current market cap of 5.98B and its PE ratio is 0.00. The stock’s 52 week high is at $39.43 and 52 week low is at $11.20.

Cenovus Energy Inc traded up today, up $0.28 or 2.84%. CVE closed at a price of $10.13 per share after flipping between $9.92 and $10.25. The volume is below average, only 65 percent of its average volume with 2,010,000 shares exchanged. The movement today finally put an end to the stock’s 2 days losing streak. CVE ended the session positively in 6 of the last 10 trading sessions. Short term technical indicators for this stock is bullish. Investors should pay attention to the stock when it trades nearly the short term support and resistant levels near $9.95 and $10.28 respectively. Looking at the stock performance within the last year, analysis shows 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. Cenovus Energy Inc is a company in the Energy sector, it has a market capitalization of 12.45B and its price to earning ratio is 4.35. Cenovus Energy Inc also pays a 1.97% dividend to shareholders annually. The stock’s 52 week high is at $22.06 and 52 week low is at $8.89.

Potash Corp. fueled some of the TSX 60 gain in the market today, up $0.6 or 2.78%. POT closed the day at a price of $22.17 per share after fluctuating between $21.65 and $22.26. The trading volume is above average, 1.37 times more than average with 1,630,000 shares exchanged. The movement today extends the stock’s gain from yesterday. POT closed higher in 4 of the last 10 trading days. In the short term, the trend is bullish. Investors should pay attention to the stock when it trades between the short term support and resistant levels near $21.42 and $22.64 respectively. Potash Corp. is a company in the Materials sector, it has a current market cap of 18.62B and its price to earning ratio is 32.13. Potash Corp. also pays a 2.19% dividend to shareholders annually. The stock’s 52 week high is at $26.62 and 52 week low is at $20.67.

Agrium Inc. traded higher today, up $3.23 or 2.67%. AGU closed at a price of $124.33 after trading between $121.43 and $124.85. The volume is above average with 294,243 shares changed hands. Today’s movement extends the stock’s gain from yesterday. AGU closed positively in 6 of the last 10 trading sessions. The trend is bullish. Investors should watch the stock closely when it trades between the short term support and resistant levels near $120.12 and $126.96 respectively. Agrium Inc. is a company in the Materials sector, it has a market cap of 17.18B and its price to earning ratio is 24.64. Agrium Inc. also pays a 3.59% dividend to shareholders on an annual basis. The stock’s 52 week high is at $146.99 and 52 week low is at $115.16.

EnCana Corporation traded positively in the market today, up $0.27 or 2.41%. ECA closed the day at a price of $11.47 per share after flipping between $11.21 and $11.55. The trading volume is below average, only 69 percent of its average volume with 2,560,000 shares exchanged. Today’s gain finally put an end to the stock’s 2 days losing streak. ECA closed positively in 4 of the last 10 trading sessions. The trend for this stock is bearish. Traders should pay close attention to the stock when it trades nearly the support and resistant levels near $11.27 and $11.61 respectively. Looking at the stock price within the past 12 months, analysis shows the stock is slightly oversold. The stock could go both up or down from the current price. It could stay in oversold territory for a while and then a rebound in the next few months. EnCana Corporation is a company in the Energy sector, it has a current market cap of 11.16B and its price to earning ratio is 10.93. 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.

Cameco Corporation fueled some of the TSX 60 gain today in the market, up $0.27 or 2.24%. CCO ended the day at a price of $12.34 per share after fluctuating between $12.12 and $12.45. The trading volume is average with 751,049 shares exchanged. Today’s gain finally put an end to the stock’s 5 days losing streak. CCO closed higher in 3 of the last 10 trading sessions. In the short term, the trend is bearish. Investors should watch the stock when it trades around the short term support and resistant levels near $11.97 and $12.63 respectively. Cameco Corporation is a company in the Energy sector, it has a current market cap of 4.88B and its PE ratio is 0.00. Cameco Corporation also pays a 3.24% dividend to shareholders annually. The stock’s 52 week high is at $17.65 and 52 week low is at $9.88.

ARC Resources Ltd traded up in the market today, up $0.28 or 1.72%. ARX closed the market at $16.52 after fluctuating between $16.29 and $16.60. The volume is below average with 746,792 shares exchanged. Today’s gain finally put an end to the stock’s 2 days losing streak. ARX gained in 4 of the last 10 trading days. The trend is bullish. Traders should pay attention to the stock when it trades nearly the support and resistant levels near $16.16 and $16.78 respectively. Looking at the stock price within the last 52 weeks, analysis shows the stock is trading within oversold territory. Bargain hunters with patience could buy into the stock at 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 5.84B and its PE ratio is 12.65. ARC Resources Ltd also pays a 3.63% dividend to shareholders annually. The stock’s 52 week high is at $24.94 and 52 week low is at $15.61.

Blue Chip Stocks Lose Ground Today in the TSX 60

Yamana Gold Inc. lagged the TSX 60 today in the market, down $0.25 or -6.70%. YRI closed the market at $3.48 after fluctuating between $3.47 and $3.65. The volume is average with 2,880,000 shares exchanged. The movement today extends the stock’s decline from yesterday. YRI closed lower in 5 of the last 10 trading sessions. Short term technical indicators is bearish. Investors should watch the stock when it trades between the support and resistant levels near $3.35 and $3.71 respectively. From the stock price over the last year, it is slightly oversold. The stock could go both up or down from the current price level. It could stay in oversold territory for a while and follow by a buy back from value investor or trader in the next few months. Yamana Gold Inc. is a company in the Materials sector, it has a current market cap of 3.30B and its price to earning ratio is 0.00. Yamana Gold Inc. also pays a 0.72% 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.

Eldorado Gold Corporation traded lower today, down $0.15 or -6.02%. ELD closed the market at a price of $2.34 per share after fluctuating between $2.31 and $2.40. The volume is above average, 1.3 times more than average with 2,590,000 shares exchanged. The movement today extends the stock’s loss from yesterday. ELD ended the session negatively in 5 of the last 10 trading days. Technical indicators is bearish. Investors should pay attention to the stock when it trades nearly the support and resistant levels near $2.26 and $2.44 respectively. From the stock price over the last year, analysis shows the stock is extremely oversold at this price range. Value investors may want to buy into the stock around this price and wait for it to rebound in the coming months. However, be caution that it could move lower. The risk is high and taders must have a plan on when to get out or set tight stop loss. Eldorado Gold Corporation is a company in the Materials sector, it has a market capitalization of 1.86B and its price to earning ratio is 118.36. The stock’s 52 week high is at $5.63 and 52 week low is at $2.24.

Agnico-Eagle Mines Limited took some points off the TSX 60 today in the market, down $2.17 or -3.49%. AEM closed the day at $59.95 per share after trading between $59.77 and $61.81. The trading volume is above average with 780,728 shares exchanged. Today’s movement extends the stock’s loss from yesterday. AEM closed lower in 4 of the last 10 trading sessions. The trend is bearish. Traders should pay close attention to the stock when it trades nearly the support and resistant levels near $58.47 and $62.55 respectively. Agnico-Eagle Mines Limited is a company in the Materials sector, it has a current market capitalization of 13.91B and its price to earning ratio is 45.55. Agnico-Eagle Mines Limited also pays a 0.83% 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.

Kinross Gold Corporation is one of the top laggard today, down $0.18 or -3.08%. K closed the market at a price of $5.67 after trading between $5.59 and $5.80. The volume is average with 3,070,000 shares exchanged. Today’s closing figure extends the stock’s loss from yesterday. K closed negatively in 4 of the last 10 trading sessions. Technical indicators for this stock is bullish. Traders should pay close attention to the stock when it trades nearly the support and resistant levels near $5.57 and $5.78 respectively. Kinross Gold Corporation is a company in the Materials sector, it has a current market capitalization of 7.07B and its price to earning ratio is 111.15. The stock’s 52 week high is at $6.29 and 52 week low is at $3.87.

Goldcorp Inc. traded lower today in the market, down $0.49 or -2.84%. G closed at a price of $16.74 per share after flipping between $16.72 and $17.27. The trading volume is average with 1,940,000 shares exchanged. The movement today puts an end to the stock’s 2 days winning streak. G dropped in 3 of the last 10 trading days. Technical indicators is bearish. Traders should watch the stock when it trades nearly the support and resistant levels near $16.36 and $17.46 respectively. Based on the stock performance over the last year, it is slightly oversold. The stock could go both up or down from the current price level. It could go deeper into the oversold territory and follow by a buy back from value investor or trader in the next few months. Goldcorp Inc. is a company in the Materials sector, it has a market capitalization of 14.51B and its PE ratio is 25.39. 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.

IAMGOLD Corporation took some points off the TSX 60 today in the market, down $0.23 or -2.70%. IMG closed the day at a price of $8.29 per share after flipping between $8.15 and $8.49. The volume is above average, 1.3 times more than average with 2,220,000 shares exchanged. Today’s movement extends the stock’s decline from yesterday. IMG declined in 3 of the last 10 trading days. Technical indicators for this stock is bullish. Traders should pay close attention to the stock when it trades nearly the short term support and resistant levels near $8.13 and $8.47 respectively. From the stock price over the last year, it is slightly overbought. The stock could go both ways from the current price level. It could stay in overbought territory in the short term and then a pull back in the next little while. IAMGOLD Corporation is a company in the Materials sector, it has a market cap of 3.87B and its PE ratio is 6.39. The stock’s 52 week high is at $8.87 and 52 week low is at $4.18.

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