ALGO Buy Signal For A 2 Milk

Our ALGO engine triggered a buy signal in A2  Milk into yesterday’s ASX close at $9.81.

This “higher low” pattern is referenced to the intra-day low of $9.19 on May 23rd.

Despite falling formula prices in China, recent broker notes from both UBS and Goldman’s have positive ratings, citing robust net earnings results through 2020.

It’s worth noting that A2M is a high growth, low yielding stock and investors should apply a stop loss below the $9.10 level.

A2 Milk