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Algo Buy Signal – Seek

Our Algo Engine triggered a buy signal in SEK back in mid-June, when the stock was trading at $16.15, since then the price action has rallied to $17.50.

We consider the current price level as full value and investors should consider either taking profit, or selling covered call options.

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Seek reports their earnings on the 16th of August and the market is expecting underlying EPS growth of 10 – 15%, delivering NPAT of $192 million.

Chart – SEK

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