fbpx

COH – Algo Buy Signal

Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.

We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.

You're not a member!  Trial today

Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback has seen buying interest rebuild at the higher low of $210.

This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.

16/12 Update: COH remains a buy at $215.

24/12 Update: Buy COH @ market price $218

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2024 Investor Signals

Send our ASX Research to your Inbox

Or start a free thirty day trial for our full service, which includes our ASX Research.