Our ALGO engine triggered a sell signal in SUN on November 29th at $14.25.
After trading in a sideways pattern for over two weeks, the share price has moved lower and closed Friday’s session at $14.05.
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The internal momentum indicators are pointing lower and a break of the $13.85 level will likely accelerate the technical down move into the $13.20 area.
With a PE ratio of 17 and a price to earnings growth ratio of 1.69, we consider a fair value price just above $13.00.
Suncorp
