Technical View Improving For Tabcorp

Shares of TAH have had their strongest week in 3 months despite mixed news about increased competition and lower overall wagering forecasts.

The share price posted a high of $4.52 yesterday but has slipped back to initial support near $4.35 in early trade today.

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We still prefer the long side of TAH and are expecting run back over the $5.20 area over the medium-term.

Based on the current price, TAH is yielding 4.6% on this year’s dividends.

Tabcorp

 

 

 

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