Tag: ASX:ILU

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