The “Chart of the Day” is Telus Corporation (TU), which showed up on Tuesday’s Barchart “NYSE 52-week High” list. Telus on Tuesday rallied by 2.29% and posted a new 2-year high. Trendspotter(tm) just turned long on Telus again last Wednesday at $39.19, after exiting a long position on Aug 11 with a small profit. Telus Corp, with a market cap of $5.6 billion, is the largest telecommunications company in Western Canada and the second largest in Canada as a whole.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “52-week Highs” page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
Barchart’s Opinion trading systems are all a Buy and Barchart’s daily Trendspotter(tm) trading system is a “Buy.” Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- Trendspotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Barchart links for further information:
Quotes and Charts, Technical Analysis, Barchart Opinions, and Chart of the Day Archives
Free membership on http://www.Barchart.com:
Get Portfolio Builder, Advanced Screeners for Stocks, ETFs, Futures, Forex, Historical Data Download, Chart Builder, and more.
