Our Algo Engine triggered a buy signal in AGL back in July at $23.00.
We see the current retracement from $26 back to $24 as another opportunity to add AGL to portfolios.
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We hold AGL in our ASX 50 model and we’re encouraged by the double-digit EPS growth outlook and the 5% dividend yield.
We’ve also added a covered call option to boost the cash-flow yield to 10 – 12% p/a.
AGL
