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Telus Gets Technical Rating Upgrade

Telus (TU) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 69 to 74.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Telus can continue to rebound and clear that threshold.


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Telus broke out earlier, but has fallen back below the prior 23.76 entry from a cup with handle. If a stock you’re watching climbs above a buy point then retreats 7% or more below the original entry price, it’s considered a failed base. It’s best to wait for the stock to form a new consolidation and breakout. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure.

The company showed 4% EPS growth last quarter, while sales growth came in at 7%.

The company holds the No. 9 rank among its peers in the Telecom Services-Foreign industry group. America Movil (AMX) and Telekomunikasi Indo (TLK) are also among the group’s highest-rated stocks.

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