Our Algo Engine triggered a sell signal in Suncorp following yesterday’s close price. The sell signal resulted in Suncorp being removed from both our ASX top 20 and ASX top 50 model portfolios.
The original buy signal was triggered on the 4/8/17 at $13.43 and then again on the 11/8/17 at $13.29.
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There is a price gap in Suncorp on the 2/8/217 at $14.39. We expect the stock to run into selling pressure between $14.18 and $14.39.
