The ALGO engine gave us a buy signal on Suncorp on January 23rd at $12.92. Yesterday, the ALGO engine generated a sell signal at $13.77.
We suggest that investors who took advantage of the buy signal use this recent price increase to take profits or write covered calls above $14.00.
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Technically, the $14.00 level has proved stiff resistance dating back to January of 2015.
Furthermore, the ALGO engine has generated exceptional signals for capturing the medium-term trading ranges for Suncorp.
Suncorp
