Downer EDI – Take Profit

Downer EDI recently moved into Algo Engine sell conditions after forming a new lower high at $7.50.

Downer reported 1H FY19 revenue of $6.6bn, EBITDA of $413mn and underlying NPATA of A$146mn, up 11% on the same time last year. Full year FY19 earnings are likely to be around $330mn.

You're not a member!  Trial today!

We will take another look at the buy-side of Downer on a pullback below $6.80.




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