Shares of Treasury Wine Estates are down over 1% in early trade at $15.60.
This is almost $1.00 lower than their all-time high of $16.55 posted on December 20th.
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TWE shares rose close to 50% in calendar year 2017 on increasing revenue and strategic acquisitions in Australia, Europe and the USA.
Our ALGO engine triggered a buy signal in TWE on July 11th at $12.45 and in our Top 50 model portfolio since September 2014.
We suggest adding to long TWE positions on this pullback to the $15.50 area for a move back above $16.50 over the medium-term.
Treasury Wine Estates
