Shares of TabCorp have rallied past our initial profit target of $5.25 and now look technically “overbought”
After trading as high as $5.73 on December 27th, the share price has backed off to $5.50.
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We still like the growth prospects for TAH for 2018, and beyond, but suggest taking profits on long positions and looking buy on a pull back into the $5.20 area.
TabCorp
