Buy Medibank Private – Support $2.80

We suggest accumulating Medibank near the $2.85 support level.

Medibank is a current holding in the ASX 50 model portfolio from may 30th at $2.73.

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Following the correction from the January high of $3.30, the stock now trades on a forward yield of 4.5%.

We expect a  rally from the current $2.85 level back towards $3.00. We will then add a covered call option, which will help further enhance the annualised cash flow.

Medibank Private

 

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