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Gap Fade

 
Canada

Not every gap up holds. When a stock opens sharply higher and then sells off below the open, early buyers are trapped and the move can unwind. This screen lists stocks on the Toronto Stock Exchange that opened more than 3% above yesterday's close but now trade below today's open on at least 1.5 times average volume. Short sellers fade such gaps toward the previous close; long traders use the list to avoid chasing weak openings. Prices are in Canadian dollars, and the list covers TSX-listed stocks with at least C$1 million in average daily trading value.

Screening formula:
exch(tsx) and type(stock) and advol(21) > 1 and gapup > 3 and c < o and rvol(21) > 1.5 and sortby(gapup, desc) and show(gapup as gap_pct, rvol(21) as rvol)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Gap_pct  Rvol
 UNH.TO 
UnitedHealth Group Inc CDR
Healthcare Plans
Healthcare
TSX
Mega
 445,394  17.29  -0.009998 -0.06 259,094  4.68  2.72
 NOA.TO 
North American Construction Group Ltd
Oil & Gas Equipment & Services
Energy
TSX
Small
 448.92  16.81  -0.13 -0.77 161,481  3.19  2.04
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Data as of Oct 13, 2026, 4:00 PM EDT



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