Woolworths – Buy

WOW:ASX is under Algo Engine buy conditions and is a current holding in our ASX model portfolios. 

Woolworths’ Chief Executive, Brad Banducci said the retailer remained committed to the $10bn spin-off and possible demerger of its liquor and hotels business, Endeavour Group.

The higher low at $38.30 has resulted in increased buying support and the demerger will remain an attractive bonus for shareholders.