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New High Close For Treasury Wine Estates

Shares of TWE posted a new all-time high of $16.22 on the ASX close last Friday.

Our ALGO engine triggered a buy signal on TWE back in July at $12.55.

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The stock is trading at 40X earnings with the 12 month EPS currently expected at just over 23%.

The internal momentum indicators look good and we would look to take profits on a move into the $16.90 to $17.00 area.

Treasury Wine Estates

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