Collins Food

28/6 update: Improved earnings announced yesterday have resulted in CKF rallying 14%. It remains an open trade in our ASX200 Trade Table screen.

CKF’s revenues were up 14.2% on the pcp in FY23. The strong result was driven by better-than-expected margin outcomes and top-line growth, particularly in Europe.

26/6 update: We now have the early stages of a FTFF pattern. The stop loss should be at $7.50

Collins Foods is under Algo Engine buy conditions and we add this one to our watchlist. The entry condition will be confirmed, with a turn higher in the momentum indicators.

Russell Top 200 Growth ETF: Short Position

iShares Russell Top 200 Growth offers one way to capture short exposure to a correction in overpriced US growth stocks.

The iShares Russell Top 200 Growth ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics.

Cover the short position on a reversal over $156.53