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Suncorp – Weak Earnings Outlook

Suncorp Group is under Algo Engine sell conditions following  a lower high formation at $13.50.

We see reduced scope for Suncorp to reprice mortgages, given the
current political and regulatory climate, and we expect to see ongoing margin
pressure.

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Stay on the short side and watch for the share price to trend lower with the 10 day average crossing below the 50 day average as a reference point.

 

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