IAG – Update

IAG:ASX is a potential counter-trend recovery trade that’s now on our radar.

6/5 Since writing the above post IAG has continued to move higher.

31/5 Short-term investors may stick with the position as long as the price activity remains above the 10-day average.

Cure ETF – Buy

CURE:AXW is under Algo Engine buy conditions and the current pullback provides another buying opportunity.

ETFS S&P Biotech ETF (ASX Code: CURE) offers investors exposure to U.S. biotechnology companies. These companies are engaged in research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering.

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IPL – 1H21 Result

Incitec Pivot is now under Algo Engine buy conditions.

The company reported 1H21 Sales of $1.72m with underlying EBITDA of $286m. The EBIT miss was primarily driven by Fertilizers and Dyno Americas, with Dyno APAC largely in-line.

Our Option Lab AI technology suggests looking at the following call.