23:28:06 EDT Wed 17 Apr 2024
Enter Symbol
or Name
USA
CA



Metro Inc
Symbol MRU
Shares Issued 85,077,705
Close 2014-09-18 C$ 74.00
Market Cap C$ 6,295,750,170
Recent Sedar Documents

Globe says Metro, others have some downside risk

2014-09-19 05:48 ET - In the News

Also In the News (C-BAM) Brookfield Asset Management Inc
Also In the News (C-BB) BlackBerry Ltd
Also In the News (C-BMO) Bank of Montreal
Also In the News (C-ELD) Eldorado Gold Corp
Also In the News (C-SAP) Saputo Inc

The Globe and Mail attempts to identify stocks with a downside risk of 10 per cent or more in its Friday edition. The Globe's guest columnists Ron Meisels and Monica Rizk write in the Number Cruncher column that they only considered companies in the S&P/TSX 60 Index. They looked at each stock's 40-week moving average (40wMA). They believe stocks trading above their rising 40wMA are the best candidates for investments. Those stocks are the ones that show a bullish behaviour. Mr. Meisels and Ms. Rizk note that when stocks rise significantly above this average (more than 10 per cent), investors often use this as an opportunity for taking profits, since this usually leads to a price correction toward the 40wMA. Mr. Meisels and Ms. Rizk focused on stocks that are trading above their rising 40wMAs and therefore have further upside potential, but are currently trading 10 per cent or more above this indicator. These are the ones most likely to have a pullback toward their respective 40wMA where they could provide an ideal point for accumulation. Stocks with greater downside risk are Bank of Montreal, BlackBerry, Brookfield Asset Management, Metro, Saputo and Eldorado Gold.

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