Algo Sell Signal – GMA
Our Algo Engine recently triggered a sell signal in GMA and we now expect to see price weakness below the recent $3.17 high.
Our Algo Engine recently triggered a sell signal in GMA and we now expect to see price weakness below the recent $3.17 high.
SYD reported October 2017 traffic with total passenger growth of +3.8%. International growth was up +5.8%, while domestic growth was up 2.8%.
Strong international traffic growth should continue to underpin dividend per share growth of 2- 3%.
Sydney airport is trading near full value and investors should add a covered call option to enhance the yield.
We hold SYD in our ASX 50 model portfolio.
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CBA has a lower high structure and we see price resistance near the current trading range.
We’ve been warning on the outlook for AZJ based on the high payout ratio and earnings headwinds. The Algo Engine recently triggered a sell signal at $5.25 and we’re now beginning to see the price action roll over.
WPL is making a higher low formation and we view the $31 range as a buying opportunity.
Stop-loss below $29.50.
Shares of RFG have traded as high as $6.25 in January of this year. Since then the price has dropped over 30% to the current level of $4.40.
RFG is now priced at a trailing P/E of 12X , which is lower than the industry standard of 23X.
The stock is currently trading at -51% below its intrinsic level of $8.9. This mismatch indicates a potential opportunity to buy low as MD Andre Nell expects underlying net profits to rise about 6% in 2018.
Finally, its debt relative to equity is 54%, which has been diminishing over the past couple of years showing its capacity to pay down its debt.
The S&P/ASX 200 Index finished the week down 1.2%.
The best performer was the Information Technology sector, up 1.9% and the worst performer was the Energy sector, down 2.1%.
Our Algo Engine generated a buy signal in Westpac yesterday, following the recent price retracement from $33.65 to $31.61.
We see limited earnings growth for the banks and recommend investors overlay an out-of-the-money call option to enhance the cash flow.
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