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Algo Buy Signal – Transurban

Our Algo Engine has flagged a buy signal in TCL with the price trading at or near $11.60.

With a 10% underlying dividend growth supported by free cash flow, we feel TCL should trade back up into the $12.25 level, as bond yields retrace from their current short-term rally.

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Chart – TCL

 

 

 

 

 

 

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