Treasury Wine Estates has been included in our Top 50 Model Portfolio since September 2014, when the shares were priced at $4.90.
The ALGO engine has triggered several buy signals since then and we have bought and sold this stock successfully for customer accounts over the last 3 years.
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We noticed that ALGO buy signals have occurred on a “higher low” pattern and after an approximate 10% pull back in the share price.
Our ALGO engine triggered a buy signal at the ASX close yesterday at $14.80.
Prior to yesterday’s signal, the most recent buy signal was on July 12th at $12.30. This signal was on a “lower high” pattern and about 10% below the June 16th high of $13.75
Similarly, yesterday’s buy signal at $14.80 pencils out to a 10% correction from the December 20th high at $16.55.
Fundamentally, we believe that TWE has a very solid growth and distribution model and new highs above $16.55 will be reached over the medium term.
Treasury Wine Estates
