Orora has formed a higher low at $3.00 and is now under Algo Engine buy conditions. The short-term indicators are now trending higher and buying support is building.
Orora was listed as a separate entity after being spun-off by Amcor in 2013.
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The company is a leader in innovative packaging solutions, employing 5,500 people across 122 sites in 7 countries. Orora supplies a broad range of fibre, metal and glass packaging solutions, as well as packaging services including design, distribution and recycling.
Orora is expected to deliver 5 – 8 % EPS growth and the stock is now trading on a 4% yield.
