BHP Is Back In The Value Area

BHP is under Algo Engine buy conditions from $31.20.

Shares of the mining giant have dropped over 12% during the last three weeks and have reached a value area.

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Over the next few weeks, we expect the company to make an announcement about the completion of their shale divestment and its plans for the cash.

It’s widely believed that BHP will announce a special dividend and a share buyback program.

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