Thursday, October 25, 2007

Gildan joins S&P/TSX 60 Index

Standard & Poors made the long-awaited changes to the S&P/TSX 60 Index yesterday, announcing that Alcan Inc. (TSX:AL), a victim of global consolidation, and two of the index's market-cap weaklings - Cott Corp. (TSX:BCB) and Celestica Inc. (TSX:CLS) - will be replaced. Incoming stocks are InMet Mining (TSX:IMN), Uranium One (TSX:UUU), and Gildan Activewear (TSX:GIL). GIL is a considerable trend improvement over BCB in the consumer category. It has been a Stock Trends Bullish stock since early October 2006. The stock today reached an early session 52-week high of $43.48 as index portfolio managers move to adjust their holdings. GIL was a Stock Trends Pick of the Week on October 5, 2006 at $27.53 (post-split), and would rank as one of the top 6 stocks in the Stock Trends S&P/TSX 60 Relative Strength Rankings with its current RSI of 114.

Stock Trends Report - Gildan Activewear (TSX:GIL):
http://www.stocktrends.ca/?symbol=GIL-T&page=streport
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