Midcap Segment Sees Interesting Shifts in Technical Calls and Performance
The stock market is constantly changing and today, the midcap segment is seeing some interesting shifts. According to the latest technical calls, there has been a change in the status of several stocks in this index. Out of the 86 stocks in this segment, 62 are advancing while 24 are declining, resulting in an advance decline ratio of 2.58x.
Some notable changes in the technical calls include First Capital Real Estate Investment Trust, which has shifted from mildly bearish to mildly bullish, and Algonquin Power & Utilities Corp., which has moved from mildly bullish to bullish. Other stocks that have seen a change in their technical calls are BlackBerry Ltd., Eldorado Gold Corp., and Pan American Silver Corp., all of which have shifted to a more bullish outlook.
In terms of performance, the midcap segment has been led by Aritzia, Inc. with a return of 13.75%. On the other hand, Alamos Gold, Inc. has been the worst performer in this segment with a return of -4.21%. Despite these fluctuations, the midcap segment remains one of the best performers in the market today.
Investors should keep a close eye on these technical calls and performance of the midcap segment as it can provide valuable insights into the current market trends. With the constant changes in the stock market, it is important to stay informed and make strategic investment decisions.