TSX 60: PWT.TO, TCK.B.TO in the Spotlight Today (Sep-13-2017)

Blue Chip Stocks Gained in the TSX 60 Today

Penn West Petroleum Ltd traded positively today, up $0.08 or 6.50%. PWT ended the day at $1.31 after flipping between $1.23 and $1.31. The trading volume is unusually high, 1.52 times more than average with 848,266 shares exchanged. Today’s gain adds to the stock’s 2 days winning streak. PWT closed higher in 6 of the last 10 trading days. Short term technical indicators is bullish. Investors should watch the stock closely when it trades between the short term support and resistant levels near $1.2 and $1.36 respectively. Penn West Petroleum Ltd is a company in the Energy sector, it has a current market capitalization of 660.67M 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.

ARC Resources Ltd helped the TSX 60 gain ground today in the market, up $0.73 or 4.28%. ARX ended the day at a price of $17.77 after trading between $17.09 and $17.86. The trading volume is unusually high, 1.9 times more than average with 1,740,000 shares exchanged. Today’s movement adds to the stock’s 2 days winning streak. ARX ended the session positively in 6 of the last 10 trading days. In the short term, the trend is bullish. Traders should pay close attention to the stock when it trades between the support and resistant levels near $16.8 and $18.34 respectively. ARC Resources Ltd is a company in the Energy sector, it has a current market cap of 6.28B and its PE ratio is 13.60. ARC Resources Ltd also pays a 3.38% 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.

Cenovus Energy Inc helped the TSX 60 gain ground today, up $0.43 or 4.08%. CVE closed the market at $10.98 per share after fluctuating between $10.59 and $11.06. The trading volume is unusually high, 2.09 times more than average with 5,810,000 shares exchanged. Today’s closing figure adds to the stock’s 2 days winning streak. CVE gained in 8 of the last 10 trading days. Technical indicators is bullish. Traders should watch the stock when it trades between the short term support and resistant levels near $10.41 and $11.35 respectively. Based on the stock performance within the past year, analysis shows the stock is slightly oversold. The stock could go both up or down from here. It could stay in oversold territory for a while and then a rebound in the next few months. Cenovus Energy Inc is a company in the Energy sector, it has a current market cap of 13.49B and its PE ratio is 4.72. Cenovus Energy Inc also pays a 1.82% dividend to shareholders annually. The stock’s 52 week high is at $22.06 and 52 week low is at $8.89.

Canadian Natural Resource Ltd is one of the top gainer today, up $1.12 or 2.86%. CNQ closed at a price of $40.22 per share after fluctuating between $39.24 and $40.32. The trading volume is above average with 2,550,000 shares changed hands. Today’s movement extends the stock’s gain from yesterday. CNQ closed positively in 6 of the last 10 trading sessions. In the short term, the trend is bullish. Traders should watch the stock closely when it trades nearly the short term support and resistant levels near $38.85 and $41.01 respectively. Canadian Natural Resource Ltd is a company in the Energy sector, it has a market capitalization of 48.87B and its price to earning ratio is 29.58. Canadian Natural Resource Ltd also pays a 2.73% dividend to shareholders annually. The stock’s 52 week high is at $46.74 and 52 week low is at $35.90.

Blue Chip Stocks Lose Ground Today in the TSX 60

Teck Resources Limited is one of the top laggard today, down $1.52 or -5.38%. TCK.B closed at a price of $26.73 per share after flipping between $26.66 and $27.88. The volume is above average with 2,830,000 shares exchanged. The movement today extends the stock’s decline from yesterday. TCK.B closed lower 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 $25.87 and $28.31 respectively. Teck Resources Limited is a company in the Materials sector, it has a market capitalization of 15.54B and its PE ratio is 7.42. Teck Resources Limited also pays a 0.75% dividend to shareholders annually. The stock’s 52 week high is at $35.67 and 52 week low is at $19.27.

Yamana Gold Inc. is one of the top laggard today, down $0.13 or -3.66%. YRI ended the day at a price of $3.42 per share after flipping between $3.41 and $3.55. The volume is below average with 1,970,000 shares exchanged. Today’s closing figure is a sell off after yesterday’s gain. YRI ended the session negatively in 6 of the last 10 trading days. In the short term, the trend is bearish. Investors should watch the stock closely when it trades nearly the short term support and resistant levels near $3.32 and $3.6 respectively. From the stock performance over the past 52 weeks, the stock is slightly oversold. The stock could go both ways 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. Yamana Gold Inc. is a company in the Materials sector, it has a current market capitalization of 3.24B and its price to earning ratio is 0.00. Yamana Gold Inc. also pays a 0.73% 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.

IAMGOLD Corporation traded lower today in the market, down $0.25 or -2.98%. IMG closed the day at a price of $8.14 per share after trading between $8.07 and $8.36. The volume is above average, 1.43 times more than average with 2,560,000 shares exchanged. Today’s movement is a sell off to the stock after yesterday’s uptick. IMG closed lower in 3 of the last 10 trading sessions. The trend is bearish. Traders should pay attention to the stock when it trades nearly the support and resistant levels near $7.9 and $8.48 respectively. Based on the stock price over the past 52 weeks, the stock 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. IAMGOLD Corporation is a company in the Materials sector, it has a current market cap of 3.81B and its PE ratio is 6.26. The stock’s 52 week high is at $8.87 and 52 week low is at $4.18.

TransAlta Corporation traded negatively in the market today, down $0.18 or -2.34%. TA closed the day at $7.50 after fluctuating between $7.49 and $7.71. The trading volume is average with 338,698 shares exchanged. Today’s closing figure is a sell off after yesterday’s gain. TA declined in 4 of the last 10 trading sessions. Technical indicators is bearish. Investors should watch the stock when it trades nearly the support and resistant levels near $7.35 and $7.79 respectively. TransAlta Corporation is a company in the Utilities sector, it has a current market capitalization of 2.16B and its PE ratio is 69.68. TransAlta Corporation also pays a 2.13% dividend to shareholders on an annual basis. The stock’s 52 week high is at $8.38 and 52 week low is at $5.11.

Valeant Pharmaceuticals Int traded down in the market today, down $0.41 or -2.33%. VRX closed the day at $17.19 after trading between $17.12 and $17.49. The trading volume is below average, only 67 percent of its average volume with 874,026 shares changed hands. Today’s movement puts an end to the stock’s 4 days winning streak. VRX declined in 4 of the last 10 trading sessions. Short term technical indicators is bullish. Traders should watch the stock when it trades between the support and resistant levels near $16.9 and $17.64 respectively. Valeant Pharmaceuticals Int is a company in the Health Care sector, it has a market capitalization of 5.97B and its price to earning ratio is 0.00. The stock’s 52 week high is at $37.54 and 52 week low is at $11.20.

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