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.
You're not a member! Trial today
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
