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ALGO Update: Technical Outlook Improves For Crown Resorts

Our ALGO engine triggered a buy signal on Crown Resorts on September 28th at $11.10.

Since then the share price has traded in a range between $11.80 and $10.90.

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We are seeing an improved technical picture on the stock with buy-side support increasing in the $11.10/20 range.

Over the medium-term, we see the $11.80 level broken to the upside with a potential range extension up to $12.60.

Crown Resorts

 

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