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5 Big Stocks to Trade for Gains


Telus (TU - Get Report) 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.

>>5 Breakout Stocks to Eye for a Buy

A throwback occurs when a stock reverses after a breakout to come back and test newfound support at the breakout level. If the level acts like support, then traders have a second chance at a low-risk entry in shares. That's exactly what happened in Telus -- the pattern's neckline at $52 acted like support, and shares are coming back to retest the dashed resistance line at $54.

Think of a breakout above $54 as "stage 2" of the original inverse head and shoulders setup in Telus. Wait for that level to get breeched before buying it.
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BHP $30.12 -3.90%
BRFS $13.65 -4.00%
CHL $57.45 -0.12%
LMT $233.24 0.37%
TU $31.76 0.32%


Chart of I:DJI
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