Crown Resorts Is Oversold

Crown Resorts is a current holding within our ASX100 model portfolio.

Following the recent sell-off on the back of global concerns about slower VIP growth, the stock has retraced from $14.50 to $11.75, which forms a “double bottom” pattern dating back to October 2017.

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At $11.75 we believe Crown offers value and investors should look to accumulate the stock for a move higher.

 

 

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