It’s always interesting to look at the index re-balancing and think about the names that have been removed or added in the index rankings.
QBE has a negative price structure and an Algo Engine sell signal.
S32 has an Algo Engine buy signal and is a core holding in our ASX Top 50 model Portfolio. As of March 19th, S32 will now move into the ASX Top 20 model.
We suggest readers look at the charts of the two new additions to the ASX100 index, CWY and XRO.