What are we looking for?
Canadian-listed shares that are attractive based on trend-following and quantitative metrics.
This strategy focuses on identifying bullish technical patterns that hint at potential breakouts above key price resistance levels. By zeroing in on stocks near their 52-week highs, the strategy seeks to select Canadian equities that are already showing strong price performance, which enhances the chances of continued upward movement. Investors using this approach enter positions once the price breaks out of the patterns, and the investors aim to ride the trend as long as it persists.
The screen
Our initial screening process targeted Canadian stocks with a market capitalization exceeding $1-billion to focus on issues that are more stable and less volatile than smaller rivals.
A trend-following approach prioritizes stocks that consistently reach higher highs and higher lows. In our screening process, we identified stocks…
