Shares of TWE have started the week 2.5% higher today and have traded back above the $16.00 level.
Our ALGO engine triggered a buy signal at $14.80 on January 11th.
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Several wire firms included TWE on recent buy lists, citing the company’s solid sales and growth projections into 2018.
In addition, we expect TWE will benefit from the lower tax rate for their USA-based business.
Based on the daily charts, we expect the next area of resistance near the previous all-time highs of $16.55.
Treasury Wine Estates
