Shares of ORG have a stable outlook, but are approaching an overbought condition relative to its fundamentals.
A mild Summer combined with reduced weather related events has seen a drop in demand which could act as a headwind to significantly higher share prices.
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Our ALGO engine triggered a buy signal for ORG on February 13th at $8.30. Since then, the share price has run into resistance twice at $9.40.
We suggest that investors can look to sell the $9.50 calls to increase cash-flow enhance overall portfolio returns.
Origin Energy
