Wingfield

Shaw Communications in testy waters

NYSE:SJR   SHAW COMMUNICATIONS INC
Continue to review earnings reports this week. We had SJR with a beat Estimate: 0.22 vs Actual: 0.27, but from the financials and technicals behind the chart I am skeptical with them below weekly resistance 20.65. Guard your wallets in this uncertain period and for those looking for a stronger entry, 21.78(P) weekly pivot point will be a good indicator of the overall direction 5 - 6 months from now.

SJR : 20.65(E), 21.78(P)

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