Tag: ASX:ILU

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Iluka Resources is under Algo Engine buy conditions.

Iluka shareholders will have the opportunity to vote on the demerger at a meeting on 16 October 2020. 

If the demerger proceeds, eligible shareholders will receive one share in Deterra for every Iluka share held at the demerger record date.  Iluka will retain a minority shareholding interest of 20 percent in Deterra as a long-term investment.

The demerger will result in two independent ASX-listed companies – Iluka Resources Limited, a global leader in the mineral sands industry and Deterra Royalties Limited,  the largest independent royalty company listed on the ASX, with the MAC iron ore royalty as its cornerstone asset.

Iluka Resources is now under Algo Engine buy conditions and we see buying support increasing at $9.00.

Iluka Resources is under Algo Engine sell conditions and we’re watching the price action for selling pressure to build near the $10 level.

ILU is now on our radar as a potential short.

Iluka Resources is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We expect to see buying interest pick up near the current $7.00 price level.

Buy ILU within the $7.00 – $7.50 price range.

Iluka Resources is now under Algo Engine buy conditions and we have identified the $8.00 – $8.50 price range as a likely area of support.

Watch the short-term indicators for a turn higher.

Iluka Resources is  under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

The share price has found support at $9 and the short-term indicators have now turned positive.

Our ALGO engine triggered a sell signal for Iluka Resources into yesterday’s ASX close at $10.14.

ILU was added to our ASX model portfolio on February 7th, 2017 at $7.07

As illustrated in the chart below, ILU remained in the model, with several additional buy signals, as the stock maintained a pattern of “higher lows” over the 603 day holding period.

Further, investors who held ILU through the duration of the buy signal would have picked up 53.12% on their investment.

This 53.12% return is broken down into a 47.17% gain on the share price combined with 41 cents of dividends per share.

We will keep LIU on the radar and update subscribers and clients with future ALGO signals on the stock.

Iluka Resources