Since posting an all-time high close at $19.85 on September 3rd, the share price of TWE has dropped over 30% reaching a 12-month low of $13.40 in early trade today.
This selloff has come despite the fact that the company has maintained their guidance for EBITS growth of 25% going into 2019.
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Technically, the momentum indicators have reached an oversold level last seen in January of this year, which preceded a 23% rally over the following 2 months.
Treasury Wine Estates
