The ALGO engine triggered a sell signal on Brambles at yesterday’s close near 10.50.
We don’t see a tremendous amount of downside in the stock with good price support in the $9.60 area.
You're not a member! Trial today
Internal momentum indicators on the daily charts confirm the ALGO signal and a near-term overbought condition.
We have been suggesting that clients holding long positions take profits or write covered calls in the $11.00 strike price.
