Technical Buy Signal For Treasury Wine

Our ALGO engine triggered an initial buy signal for TWE on September 20th at $17.45. Another buy signal was generated into yesterday’s close at $17.15.

The share price has open sharply lower today and has reached a 4-month low of $16.40 in early trade.

You're not a member!  Trial today!

We see the recent price action as technically oversold and see good upside potential to the $20.00 area over the medium-term.

It’s worth noting that TWE posted a 33% increase in NPAT in its last report, and has given guidance of 20% growth in volume and a 12% increase in sales for calendar 2018.

Treasury Wine Estates

 

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