TSX Breakouts: Stocks exhibiting positive and negative price momentum
In this TSX Breakouts report, there are 23 stocks on the positive breakouts list (stocks with positive price momentum), and 44 securities are on the negative breakouts list (stocks with negative price momentum).
While the negative breakouts list is longer than the positive breakouts list, it is not alarming. Typically, during periods of extreme nervousness and market capitulation, the negative breakouts list expands to include more than 100 securities. Tariff concerns and their impact on the economy have yet to create any panic in the market.
However, risk appetite has declined with many defensive stocks outperforming. For instance, the utilities sector was the best performing sector in the S&P/TSX Composite Index in February….
