Coles – A Defensive Exposure
Coles Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
We see support for Coles at $14.00
Woolworths – Rallies From Session Lows
Woolworths Group is now under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Woolworths rallied $3.00 off today’s session lows. We see Woolworths as a safe harbor in the current market sell-off.
WOW goes ex-div $0.50 on the 13th of September.
Coca Cola – Income Opportunity
Coca-Cola Amatil is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We suggest buying CCL at $10.90 and selling an $11.96 December call option for a $0.50 credit.
CCL goes ex-div $0.21 on the 27th August.
Carsales.com – Buy
Carsales.Com is under Algo Engine buy conditions and we see support building near the $15.50 price level.
Buy CAR at $15.50
Ramsay – Approaching Support
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
We see Ramsay Healthcare as a defensive position within the current volatile market conditions.
Buying support should develop within the $52 to $56 price band.
Sonic & Coles Buy Recommendations Rally 10%
Our recent buy recommendations, Sonic Healthcare and Coles have rallied 10% over the past week.
Investors can now lock in the profit or sell at the money call options to enhance the yield.
SHL up 10%
COL up 11%
ASX – Buy
ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We recommend investors buy ASX and we reaffirm our “high conviction” rating.
Lendlease – Buy Signal
Lendlease is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
The stock is also part of our ASX “high conviction” portfolio.
Orica – Buy Signal
Orica is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Goldman Sachs raised $500 million in acquisition funding for ORI via an institutional placement.
The funds will be used for the acquisition of Exsa, Peru’s No. 1 manufacturer and distributor of industrial explosives and provide greater balance sheet flexibility.
We see strong buying support at $20.
CBA & CPU – Time to Cover the Shorts
Our short positions in Commonwealth Bank of and Computershare have now switched to Algo Engine buy conditions and we can see approaching support levels in the charts.
CPU at $14 – cover short exposure
CBA at $77 – cover the short exposure.
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453