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Telus inches higher, resistance at 12-day EMA January 09, 2019 17:00 EST

Jan 09, 2019 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

TELUS Corporation (TSX:T), Canada's 3rd largest Communication services company by market cap, has increased 0.7% but fell short of the 12-day Exponential Moving Average [EMA] of CAD45.19. Compared with the S&P/TSX 60 Index which rose 11.5 points (1.3%) in the day, the relative price change was -0.6%. The rise has been propped up by firm volume of 1.3 times the average daily volume of 1 million shares. Telus' stock last traded at CAD45.16. Its MCap is CAD27 billi...