Algo Update – AGL Targets $26.00

Our ALGO Engine triggered a recent buy signal in AGL at $23.38.

With the stock now making a further “higher low” formation at $24.50, we highlight the current price as a reasonable entry level.

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AGL is likely to upgrade their dividend payout in 2018 & 2019 which will see the stock re-rate and trade into the $26.00 range.

AGL is a suitable buy-write for income portfolios and is a current holding in our ASX 50 model.



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