ALGO UPDATE: Take Profits In Woolworths

Shares of WOW were full of holiday cheer as they hit a 4-month high of $27.55 in early trade.

The internal momentum indicators have been in overbought territory for over a week, so we suggest shareholders look to take profits above $27.20.

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Our ALGO engine signalled  a sell signal at $26.50 on November 2nd. We see the next key level of support for WOW at $26.60.


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