NEWS BITES - NORTH AMERICA
Magna International Inc. (TSX:MG), Canada's largest Auto company by market cap, has jumped CAD7.29 (8.5%) from its previous trading session to close at CAD92.96.
This makes it the second highest performer in the S&P/TSX 60 Index of 57 stocks which was up 0.09% on Wednesday, a relative price increase of 8.4%.
There were 2,359,624 shares worth CAD219.4 million ($170.1 million) traded today. Wednesday's price rise was propped up by high volume of 2.3 times the average daily volume of 1 million shares.
Bearish Turning Point
Relative Strength Index (RSI)
The Relative Strength Index (RSI) of 77.5 has penetrated the overbought line of 70, suggesting the price gain of 14.4% in the last 14 days is unusually high. The RSI was previously 69.5.
To view today's Bullish and Bearish signals for Magna International, click here
Magna International Inc. (T:MG; TSE:MG; N:MG; CN:MG)
CIK: Magna International Inc.