TELUS Corp. had its Relative Strength (RS) Rating upgraded from 68 to 72 Wednesday — a welcome improvement, but still shy of the 80 or better score you look for.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of above 80 as they launch their largest runs. See if TELUS Corp. can continue to show renewed price strength and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to establish and enter a buying range in heavy volume.
TELUS Corp. posted 0% earnings growth last quarter. Sales gains came in at 3%. Look for the next report on or around Aug. 1.
TELUS Corp. holds the No. 12 rank among its peers in the Telecom Services-Foreign industry group. Millicom Intl Cellular, TIM ADR and VEON ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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