Telus Downtrend Continues

Sep 11th, 2008 – Comment

Do you think that the privatization of Bell at the end of the year will cause the stock price of TELUS to increase? It seems to me that investors who are comfortable with the telecom market will have fewer options, causing a demand for T.TO. Thanks! Chet Hi Chet, First lets take a few moments […]


About the Author

Lou Schizas is an equities analyst, investor, entrepreneur, professor and television and radio personality – and a true believer in the happiness-inspiring powers of capitalism.


Read the author's full profile.


Further Research

Read more about Telecommunications.


The downtrend is still in place

The downtrend is still in place

Do you think that the privatization of Bell at the end of the year will cause the stock price of TELUS to increase? It seems to me that investors who are comfortable with the telecom market will have fewer options, causing a demand for T.TO.
Thanks!
Chet

Hi Chet,

First lets take a few moments to honor the 9/11 victims and their families. Seven years ago the world changed and until we find a way to achieve peace, prosperity will be fleeting.

Thanks for the assignment! It’s been a while since I looked at the telecom carriers but it seems that no good stock goes unpunished in these markets!

Telus Corporation 3YR

Telus Corporation 3YR

But to answer your question think about all the new wireless licenses that were just auctioned off and I think you will have your answer. Yes there may be fewer public telecom carriers but that doesn’t mean that there will be fewer competitors.

The charts are telling me that the downtrend that has been in place since July of 2007 is still in place and that there is a death cross on the field and the MACD isn’t signaling a turn in the trend. $42.50 is providing resistance it wasn’t recently able to break above.

Happy Capitalism!

Categories: Telecommunications
Content © Relentless Economics - Charts courtesy Stockcharts.com - Employees Entrance - Optimization Media