ALGO Update: A Buy/Write Strategy For Cimic

Our ALGO engine has been long CIM since June 1st at $40.00.

Since then the share price has risen over 25% and traded at a 10-month high of $51.64 last week.

You're not a member!  Trial today!

In addition to posting better-then-expected profit results back in July, CIM has also secured several mining services agreements including a recent $420 million contract extension with Antofagasta Minerals in Chile.

On balance, we see the stock trading in a high-level consolidation pattern over the medium-term.

As such, we consider CIM a buy/write candidate with reasonable upside potential and increased cash flow from the sold call options.


Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2020 Investor Signals