Since posting a high of $19.90 on September 4th, shares of TWE have slipped over 12% lower and hit $17.40 in early trade today.
Our ALGO engine triggered a buy signal for TWE on Tuesday at $17.60.
This “higher low” pattern is referenced to the $16.50 low posted on May 30th.
According to a directors interest notice last week, the company Chairman, Paul Rayner, bought 18,700 shares at around $18.70, which lifted his personal interest to over 260,000 shares.
It’s our base case that TWE can continue to build on the strong FY 2018 results and the share price represents good value at current levels.