Telus (TU) is another name that's been delivering strong performance. In the trailing 12 months, this Canadian communications giant has generated returns of more than 16% on shares -- not counting the company's hefty 4.3% dividend yield. And right now, the technicals point to additional upside in shares:
Back at the end of December, Telus broke out of a textbook inverse head and shoulders pattern, a setup that indicates exhaustion among sellers. From that point, shares rallied more than 5%, but reversed lower at the start of the new calendar year. The reversal wasn't a bad sign, though. Instead, it's a throwback.
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