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TELUS Crosses Below its 10-day MA (TU)

By Shiri Gupta

TELUS (NYSE:TU) crossed under its 10-day moving average of $33.23 on a volume of 105K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, TELUS share prices have been bracketed by a low of $24.34 and a high of $35.36 and are now at $33.00, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of TELUS on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.10. Since that recommendation, shares of TELUS have risen 23.4%. We continue to monitor TU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses telus

Ticker(s): TU