A Relative Strength Index (RSI) is a widely-used technical metric to gauge the level to which a stock is either overbought or oversold. The calculation is: RSI = 100 – 100/(1+RS), where RS = average of x days up/average of x days down. A measure below 30 indicates an oversold stock, while a measure above 70 indicates an overbought stock. The five stocks on our list today have a RSI (over the past 14 days) that is in the 90s, which could be great for momentum traders but long-term investors beware.
McCoy Global Inc. (TSX: MCB) – $4.60
Oil Related Services and Equipment
McCoy Global Inc. (McCoy) is a product and service provider for the international oil and gas industry. The Company is focused on providing drilling and completion equipment. The Company manufactures and distributes tubular equipment for the oil and gas industry, which is used for both workover and drilling applications on land-based and offshore rigs. The Company also provides energy products and services, including hydraulic power tongs, die and inserts, make/break torque equipment and computerized torque turn management systems. The Company’s brands are produced and distributed in Alberta, Louisiana and Texas.
- Market Cap: $126,152,224
- RSI (14 days): 98.25
- YTD Price Change: 9.5%
- Average Daily Traded Value (30 days): $258,367
GDI Integrated Facility Services Inc. (TSX: GDI) – $18.30
Business Support Services
GDI, formerly Medwell Capital Corp., is a leading North American commercial janitorial services provider, which offers a range of commercial cleaning services to owners and managers of a wide variety of facility types such as office buildings, hotels, shopping centres, industrial facilities, airports and other transportation facilities, and healthcare establishments in Canada and the United States. GDI also provides complementary services such as mechanical maintenance services, damage restoration services, and janitorial and sanitation supplies to clients in certain regions in Canada. GDI’s services are used by the majority of the largest multi-property owners or managers in Canada and by an increasing number of clients in the United States.
- Market Cap: $207,117,379
- RSI (14 days): 93.12
- YTD Price Change: 435.2%
- Average Daily Traded Value (30 days): $3,766,717
ATS Automation Tooling Systems Inc. (TSX: ATA) – $15.93
Industrial Machinery & Equipment
ATS Automation Tooling Systems Inc. is a Canada-based Company engaged in providing custom designed, built and installed manufacturing solutions. The Company uses its knowledge and global capabilities to serve the automation systems’ needs of multinational customers in industries, such as life sciences, computer and electronics, energy, transportation and consumer products. The Company has approximately 27 manufacturing facilities and 47 offices in Canada, the United States, Europe, Southeast Asia and China. The Company has developed many automation products, including ATS Supertrak Modular Conveyor system, ATS850 Clean Room Conveyor, Sortimat Birkman Feeder Technology, ATS Omnitrak and ATS Cortex System, among others.
- Market Cap: $1,445,438,170
- RSI (14 days): 91.82
- YTD Price Change: 2.8%
- Average Daily Traded Value (30 days): $2,891,930
Savaria Corp. (TSX: SIS) – $6.00
Heavy Electrical Equipment
Savaria Corporation is a Canada-based company engaged in designing, engineering and manufacturing products to help people gain personal mobility. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs products meeting the needs of people with mobility challenges, primarily stairlifts, vertical and inclined platform lifts and elevators for home and commercial use. The Adapted Vehicles segment converts and adapts minivans, also for people with mobility challenges. Savaria also produce elevators, from basic to luxurious, for select commercial applications and for home use.
- Market Cap: $193,424,483
- RSI (14 days): 90.32
- YTD Price Change: 37.9%
- Average Daily Traded Value (30 days): $215,467
Clarke Inc. (TSX: CKI) – $12.05
Investment Trusts
Clarke Inc. (Clarke) is a Canada-based investment company with interests in several businesses. The Company focuses on identifying investments that are either undervalued or are underperforming and may be in need of positive change. These investments may be companies, securities or other assets, such as real estate, and it may be public entities or private entities. The Company invests in industries that have hard assets, including manufacturing, industrial and real estate businesses. The Company operates in three segments: Investment segment, Transportation segment and Others segment.
- Market Cap: $196,274,447
- RSI (14 days): 88.89
- YTD Price Change: 20.5%
- Average Daily Traded Value (30 days): $212,436
