TCL – Algo Buy
Transurban is under Algo Engine buy conditions and is a current holding in our ASX 100 model.
COH – Algo Buy Signal
Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.
We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.
NCM – Algo Buy
NCM is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support developing near the $26.00 level.
Altium – Technical Review
Altium is under Algo Engine buy conditions.
ALU’s comments point to a continuing challenging trading environment, due to COVID-19, particularly in the US. The company reiterated FY21 guidance for 6 – 12% revenue growth and EBITDA US$76-89m.
Watch the short-term indicators for a turn higher within the $31 – $34 price range.
NOTE: High risk trade due to extended PE valuations.
Alumina – Algo Sell Signal
Alumina is now under algo engine sell conditions and has reached our price target of $2.00.
Aluminium prices have increased 35% from lows of less than US$1,500/t in mid-2020 to ~US$2,000 currently.
AWC – take profit.
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Ramsay Healthcare – Buy
Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.
Valuation support within the $61 – $65 range.
Consider adding a covered call option to enhance the return. For more detail on the strategy, please call our office on 1300 614 002.
APA – Buy
APA is under Algo Engine buy conditions and we see support building at the recent $10 higher low formation.
APA goes ex-div 23c on 30 December.
A2M – Searching For Support
The A2 Milk Company is under Algo Engine buy conditions and we highlight the price support that may be in the early stages of building near the $13 level.
Watch for the short-term momentum indicators to turn higher.
Coles: Buy-Write Income
Coles Group looks to be creating another higher low formation at $17.80
As the valuation becomes slightly stretched, we suggest investors add a covered call option to enhance the income return.
For more detail, please contact our office on 1300 614 002
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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