TSX All-Time Highs - week of Jul/09/2010

Six Canadian stocks on the TSX (over $10) made all-time highs last week, up from four the week before. Once again, no stocks over $1 on the TSX Venture exchange reached a new all-time high. Charts from the TSX are below. For the second consecutive week, stock tickers beginning with the letter "S" are dominant (ha!). CLT looks good as it showed a volume surge on it's breakout. On the other hand, notice SXC Health Solutions actually only made an intraday all-time high (failing to close at a new high is short-term bearish) and is now heading for the bottom of its recent trading range. A close below $74 would put it in a precarious position with high probability of a slide. Depending on what time-frame you trade this is important to watch. Note also, that it's earning season so there can be big 'surprise' moves in either direction.

No all-time highs >$1 on the TSX Venture exchange. Not a healthy sign for Canadian stocks.

CLT (Celtic Exploration Ltd | TSX) All-time Highs (Yahoo Finance): Intraday $13.05 (09-Jul-2010), Daily Close $12.79 (09-Jul-2010)
EMA (Emera Inc | TSX) All-time Highs (Yahoo Finance): Intraday $26.32 (09-Jul-2010), Daily Close $26.06 (09-Jul-2010)
HLF.A (High Liner Foods Inc | TSX)
SAP (Saputo Inc | TSX) All-time Highs (Yahoo Finance): Intraday $31.88 (09-Jul-2010), Daily Close $31.88 (09-Jul-2010)
SDC (Seacliff Construction Corp | TSX) All-time Highs (Yahoo Finance): Intraday $17.14 (09-Jul-2010), Daily Close $17.13 (09-Jul-2010)
SXC (SXC Health Solutions Corp | TSX) All-time Highs (Yahoo Finance): Intraday $79.67 (06-Jul-2010), Daily Close $78.32 (02-Jul-2010)

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• Do All Time High Stocks Outperform? Research suggests they do.