Tag: ASX:WHC

Whitehaven Coal is in the ASX 100 Trade Table and is up 9.6% after 11 days.

Update 28/9: Now up 13.2% after 14 days.

Whitehaven Coal is in the ASX 100 Trade Table and is up 9.6% after 11 days.

Whitehaven WHC Coal was removed from our ASX100 model portfolio on the 31st January following the Algo Engine sell signal at $4.99

The company announced last Friday, net profit after tax increased 19% to $306m for the six months ended December 31.

The market reacted negatively to the higher production costs and the lower production guidance for the remainder of the financial year.

The stock price has now sold off over 10%, since being removed from the model.

Whitehaven WHC announced a special dividend of 5¢, in addition to the 15¢ interim dividend. This is up slightly on the same time last year.

WHC is under a current Algo Engine buy signal.

Technically, we see support building at $4.20 and a new higher low developing as buyers chase the positive momentum.

Short term traders should consider WHC with a stop loss below $4.23.