ALGO Update: Crown Is Back In The Buy-Zone

Shares of Crown LTD have drifted back into the lower part of the $11.00 handle, which we consider a buy zone.

Our ALGO engine triggered a buy signal on August 8th at $11.43, and again at $11.15 yesterday.

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We acknowledge that the recent gaming numbers from the WA casino were down, and that the general tone in the ASX 200 is soft.

However, we still see reasonable growth potential in CWN going forward and have a medium-term target of $12.80.

Crown LTD


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