Sonic Healthcare is looking oversold and we believe buying support will build within the $31 – $34 price range.
SHL has a large percentage of its diagnostic equipment revenue based in US Dollars. As such, the company will benefit from the lower Aussie Dollar.
Coles Group looks to be creating another higher low formation at $18.30.
As the valuation becomes slightly stretched, we suggest investors add a covered call option to enhance the income return.
Transurban switched to Algo Engine buy conditions on 30 October at $13.10. The stock has since rallied to $15.60 and has now retraced back 50% to find support at the current price of $14.30.
Investors should watch the short-term momentum indicators as we’re likely to see a pick up in buying interest, supported by an attractive defensive dividend yield.
This could be a short-term trade for the nimble, or a solid entry-level for long-term buy and hold investors. Investors may also consider adding the covered call option to enhance the yield.
For more detail on the option strategy , please call our office on 1300 614 002.
Fisher & Paykel Healthcare Corporation is under Algo Engine buy conditions and is now consolidating above the $30 support level.
Investors should consider a buy-write strategy to enhance the income return. For more detail please call our office on 1300 614 002.
Sonic Healthcare is looking oversold and we believe buying support will build within the $31 – $34 price range.
SHL has a large percentage of its diagnostic equipment revenue based in US Dollars. As such, the company will benefit from the lower Aussie Dollar.
Ansell is under Algo Engine buy conditions and we see support building within the $35 – $38 level.
Ansell is under Algo Engine buy conditions and we see support building within the $35 – $38 level.
Bega Cheese is under Algo Engine buy conditions and we see price support building at $5.00.
Watch the short-term momentum indicators for a turn higher.
Sonic Healthcare is looking oversold and we believe buying support will build within the $31 – $34 price range.
SHL has a large percentage of its diagnostic equipment revenue based in US Dollars. As such, the company will benefit from the lower Aussie Dollar.
Housing demand, across renovation and new construction is driving strong demand for painted and coated steel products.
BSL upgraded 1H21 EBIT guidance by 25% to $475m.
We expect earnings to remain strong with top line revenue growth of 5 – 8% and underlying profit to increase by a similar number. This supports a 1% forward dividend yield.
We consider BSL full value and suggest investors wait for a pullback and the next Algo Engine buy signal.
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