Canadian Tire Corporation, Limited (TSE: CTC): traded higher by 1.98% or $1.4/share to $72.10. In the past year, the shares have traded as low as $61.01 and as high as $77.40. On average, 493 shares of CTC.TO exchange hands on a given day and today's volume is recorded at 103. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $72.36 represents resistance and the 200-day moving average of $70.45 would be an area of support.
Winpak Ltd. (TSE: WPK): traded higher by 1.79% or $0.25/share to $14.25. In the past year, the shares have traded as low as $10.82 and as high as $15.47. On average, 7970 shares of WPK.TO exchange hands on a given day and today's volume is recorded at 106. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $14.03 area where the stock will likely see buying pressure.
Reitmans (Canada) Limited (TSE: RET): traded higher by 1.65% or $0.26/share to $16.00. In the past year, the shares have traded as low as $14.00 and as high as $17.50. On average, 3770 shares of RET.TO exchange hands on a given day and today's volume is recorded at 1256. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $15.23 area where the stock will likely see buying pressure.
Azure Dynamics Corporation (TSE: AZD): traded higher by 1.33% or $0.01/share to $0.76. In the past year, the shares have traded as low as $0.65 and as high as $13.60. On average, 48070 shares of AZD.TO exchange hands on a given day and today's volume is recorded at 3725. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $1.79 area but be careful because the stock may face selling pressure at this level.
RONA inc. (TSE: RON): traded higher by 1.33% or $0.12/share to $9.15. In the past year, the shares have traded as low as $8.64 and as high as $14.54. On average, 316087 shares of RON.TO exchange hands on a given day and today's volume is recorded at 22108. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $9.32 area but be careful because the stock may face selling pressure at this level.
