I like to use the SCTR ranking to see our top performers, both big and small. A quick view of the list makes for an interesting perspective. A lot of the top performing Canadian stocks are Micro Caps. While Micro Cap investing is risky and these are not being recommended here, the price action is compelling and the variety of stories interesting.
Our top ranked stock is Theratechnologies from the Healthcare sector. It has traced a sideways move for a month but it has been an outstanding stock since March 1st when it first made the 52-week high list.
Fortress Paper (FTP.TO) is the world's finest paper it would appear. They make money paper and other security-related paper!
This next stock seems to be growing in interest. Kinaxis (KXS.TO) is a software company that has doubled in a year after IPO'ing in June 2014.
Uni-Select (UNS.TO) is another nice chart. After moving up 20% in a week, it is moving sideways.
Ten Peaks Coffee (TPK.TO) is no Starbucks in stature, but the perking little company seems to have the investor community sipping on shares.
Sometimes the little guys can just go about their business and not be pulled into the big sector downdrafts. While this is no recommendation to buy the shares as that is an investor's decision, it is interesting to see how well these are doing. Makes you excited about small business again. Low volume is always easy to invest in, hard to get out, so remember that.
To find lists like this, you can use the home page SCTR ranking link.
From there select Toronto stocks from the Drop Down Menu! I did not hit refresh so you could see the dropdown. Select Toronto from the list.
This will show you large cap and small cap stocks, ETF's etc. The 99 ranking is the best. If you only want large volume stocks, manually sort on volume and then look for high SCTR values.
If you are in Calgary this week, I have David Keller of Fidelity coming to speak to the Calgary Chapter of the CSTA on Thursday. We are serving up pizza and look to have a fun night with a great presenter. More information can be found at CSTA.ORG. Please register in advance. Everyone is welcome and the $20 is to cover the food and room. Bring a friend. I need everyone who is coming to register so I know how many pizzas to buy. Please register today! We don't get the head of the Managing Director of Technical Research working with us in Calgary everyday, so please come and hear one of the most influential technical directors on the planet. But please register in advance at CSTA.ORG.
Good trading,
Greg Schnell, CMT
