In this TSX Breakouts report, there are 74 stocks on the positive breakouts list (stocks with positive price momentum), while just nine securities are on the negative breakouts list (stocks with negative price momentum).
On Friday, both the S&P/TSX Composite Index and the S&P/TSX SmallCap Index closed at record highs buoyed by the rising price of gold, which topped US$3,600 an ounce. Nearly half of the names on the positive breakout list are gold stocks.
Also rising to record highs are multiple Canadian bank stocks. Bank of Montreal (BMO-T) is on today’s breakout list with its share price closing at an all-time high on Friday. On Thursday, shares of Canadian Imperial Bank of Commerce (CM-T) and Royal Bank of Canada (RY-T) closed at record highs.
Earnings results helped lift nearly all bank stocks. Between Aug. 26 and 28, the ‘Big 5’ bank stocks reported their quarterly earnings results. Shares of BMO led the charge, surging 11…
