Domino’s Pizza Enterprises is under Algo Engine buy conditions and is among the best-performing stocks in our ASX 100 model portfolio. The stock is up 74% since being added in November last year.
The recent pullback and higher low formation has generated another entry reminder. Accumulate DMP within the $115 to $135 price range.
1/11 update: DMP continues to see buying interest build above the $135 support level.
Domino’s Pizza Enterprises is under Algo Engine buy conditions and is among the best-performing stocks in our ASX 100 model portfolio. The stock is up 74% since being added in November last year.
The recent pullback and higher low formation has generated another entry reminder. Accumulate DMP within the $115 to $135 price range.
Domino’s Pizza Enterprises is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The stock is up 42% since being added back in November 2020.
Domino’s reported 1H21 sales up 17% and EBIT of $153 million, + 32%. Japan reported sales growth of 36%.
Domino’s Pizza Enterprises is now under Algo Engine buy conditions and is a current holding in our ASX model portfolio.
We see price support between $65 & $71.
Domino’s Pizza Enterprises has now rallied 10% from our entry-level. While DMP’s PE multiple remains elevated at 34x forward earnings, EPS growth is forecast to be 8 -10% and the FY21 yield is 1.9%.
We suggest traders use the short-term momentum indicators as a strategy to manage the timing of taking the short-term. We don’t consider Domino’s Pizza Enterprises a core portfolio holding and feel it makes greater sense to trade rather than hold.
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