Coles – Value is Approaching

Coles Group is under Algo Engine buy conditions following the August buy signal at $13.00.

Since then Coles has rallied to $16, supported by investor enthusiasm for the aggressive cost-cutting program.  As the stock price settles back we highlight the $14.50 level, as an area where value will again re-emerge.

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Buy Coles within the $14.00 to $15.00 price range.

 

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