Altium is under Algo Engine buy conditions.
ALU’s comments point to a continuing challenging trading environment, due to COVID-19, particularly in the US. The company reiterated FY21 guidance for 6 – 12% revenue growth and EBITDA US$76-89m.
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Watch the short-term indicators for a turn higher within the $31 – $34 price range.
NOTE: High risk trade due to extended PE valuations.
