This could end up in trouble if we see a break and a solid close below $38.
RCI.B.TO Short term (1 mth): Long Long term (1-3 yrs): Long Canadian Telecom's have been underperforming in 2014 especially in the last couple months. Rogers has been the worst performer of the group trading at a significant discount to Telus and Bell because of slowing growth in recent years (Rogers' Net Income actually declined in 2013). With a fat dividend...
Even though I'm quite bullish on the overall market, I decided to short Rogers. 1. Clearly overbought and out of steam 2. Telecomm index was also quite overbought (probably due to Rogers) 3. Wasn't quite bullish on the overall Canadian market, without American support Red - stop Green - target *I use a different platform for my analysis