Oil prices continue to rise as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.
Recent signals in OSH and STO continue to push higher. Also, the OOO ETF, (Oil ETF), is now up almost 20% from the recent Algo Engine buy signal.
Oil ETF OOO
Our Algo Engine generated a buy signal in SCG going into Friday’s close at $3.97
The chart below shows the value range and SCG is now on our radar as a defensive buy-write strategy.
A combination of the 22 cent annual dividend and the option premium is generating 10 – 12% cash flow on an annualised basis.
Scentre Group
We draw your attention to the recent Algo Engine buy signal in Titomic.
Titomic was originally developed by CSIRO and has the world’s largest 3D printing facility using titanium.
TTT has the exclusive rights to a proprietary and patented process for the application of cold-gas dynamic spraying of Titanium.
The applications of this process have a broad spectrum including sporting goods, automotive and medical equipment, as well as, precision components for the aerospace and military sectors.
The company was listed on the ASX in September 2017 at 37.5 cents.
Titomic
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Our ALGO engine reflected a buy signal for ALL on September 14th at $28.90.
The share price is near the same level in early trade today.
However, with the recent acquisitions of Big Fish Games and Plarium, we expect to see an increase in the company’s USD-based earnings as it grows its position within the online gaming sector.
Almost 60% of ALL’s earnings are generated in the USA and the company is projected to grow earnings by 19% to $1.40 per share during 2019.
ALL is one of several ASX listed companies that will benefit from a progressively lower Aussie Dollar.
Technically, we see solid support in the $27.90 area and an initial upside target of $31.25.
Aristocrat Leisure
Following a recent Algo Engine buy signal, Seek has been added to our ASX100 & ASX50 model portfolios.
We see buying support near $20.50.
Seek
After posting an intra-day low at 6096 on September 10th, The XJO Index has built an initial base near 6100.00
Over the last two weeks, the index has been trading within an ascending wedge formation.
The next level of resistance will be in the 6227 area. A break of the 6096 support will likely triggered a measured move back to the April lows just below 5800.00
XJO Index
We recommend accumulating shares in Crown Resorts as the price finds support near $13.50.
FY19 EPS growth will be around 8%, placing the stock on a forward yield of 4.3%.
Crown goes ex-dividend for $0.30 on the 20th March 2019.
Selling December $14.25 call options will add a further $0.21 of income per share.
Crown Resorts
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Our ALGO engine has been long SYD since July 12th from $7.05.
After a brief rally to $7.60 in late August, the share price is just below $7.00.
SYD reported solid passenger growth in August with a 5.1% increase in travellers year to date.
For H1 2018, SYD spent $180 million on capital upgrades aimed at increasing capacity including landing strip and terminal expansions.
We see good technical support in the $6.70 area with an upside target of $7.80 over the medium-term.
Sydney Airport
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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