GILDAN ACTIVEWEAR INC (GIL.TO) TSX - Nov 23, 2012 (SIA Daily Stock Report)

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GILDAN ACTIVEWEAR INC (GIL.TO) TSX - Nov 23, 2012

GREEN - Favoured / Buy Zone
YELLOW - Neutral / Hold Zone
RED - Unfavoured / Sell / Avoid Zone

Gildan Activewear (GIL.TO) moved back in to the Favored zone of the SIA S&P/TSX 60 Report back at the beginning of the month, and is currently sitting on its first support level at $31.95. Further weakness could then bring the secondary support level at $28.94 in to play. To the upside, resistance is in the $35-$36 range, with a move beyond bringing on new highs.

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