Is It Too Late to Buy Fairfax Financial Holdings (FRFHF) Stock? yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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The S&P/TSX Composite was higher by another 0.6 per cent for the trading week ending with Thursday’s close and now stands 11.9 per cent higher for 2021.
According to Relative Strength Index (RSI), the benchmark as a whole remains overbought with a reading of 72 that is above the sell signal of 70.
There are no index members trading at attractive, oversold levels below the RSI buy signal of 30 this week. Two cannabis stocks, Hexo Corp. and Aurora Cannabis Inc. are closest with RSIs of 34.
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Inside the Market’s roundup of some of today’s key analyst actions
ARC Resources Ltd.’s (ARX-T) $8.1-billion merger with
Seven Generations Energy Ltd. creates a “premier low-cost, Montney producer that should be able to recognize substantial cost savings going forward,” according to iA Capital Markets analyst Michael Charlton.
Following Tuesday’s close of the combination of Alberta-based producers, Mr. Charlton thinks ARC “has no shortage of runway ahead” with more than 1 million acres in the Montney Formation to develop as “the dominant condensate producer in Canada, the third-largest natural gas producer, and sixth-largest upstreamer.”
Boat Rocker proceeds with IPO plans after dropping offering price of shares theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.