Friday, February 03, 2006

Shaw Communications continues rally

Shaw Communications (SJR.NV.B) advanced 5% on heavy volume last week, continuing its $5 rally from its autumn lows. SJR.NV.B is one of Stock Trends Bullish Crossover stocks this week, as the 13-week moving average has penetrated above the 40-week moving average - our indicator that the long-term trend is now bullish. Shaw is outperforming its peers, with a 13-week Relative Strength Indicator of 106. Rogers Communications (RCI.NV.B), by comparison, has an RSI of 94. Although Rogers has been in a bullish trend for 68-weeks, Shaw is now righting its ship and setting the sails.
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