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Lendlease is under Algo Engine buy conditions and the recent retracement in price from $20 to $18 provides another entry opportunity.
We expect buying interest to increase between $16.50 – $18.00.
APA is under Algo Engine buy conditions and is a current holding in ASX 100 model portfolio.
Buy APA $10.50 – $11.00 price range
Insurance Australia Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support for IAG at $7.50
Pro Medicus is under Algo Engine buy conditions and we add this one to our watchlist. With the stock trading on almost 100x PE, it’s expensive even after the share price correction from $38 to $22.
Short covering is likely to occur soon and it’s worth watching the short-term indicators for a reversal higher.
About: Pro Medicus are a leading provider of radiology information systems (RIS), Picture Archiving and Communication Systems (PACS) and advanced visualization solutions across the globe.
Buy range $20.00 – $22.00
Coles Group is under Algo Engine buy conditions following the August buy signal at $13.00.
Since then Coles has rallied to $16, supported by investor enthusiasm for the aggressive cost-cutting program. As the stock price settles back we highlight the $14.50 level, as an area where value will again re-emerge.
Buy Coles within the $14.00 to $15.00 price range.
Computershare is under Algo Engine sell conditions.
CPU trades on 20x PE and a 2.6% dividend yield with a backdrop of falling earnings growth. We expect EPS growth to trend towards “flat” numbers at best.
Our valuation forecast is for CPU to fund support at or near $14.50.
ASX is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
We see price support for ASX at $78.00
InvoCare is under Algo Engine buy conditions and the short-term indicators are now turning positive.
We see buying support building near $12.50
FY20 EPS growth should be 6%+ and we have the stock on a forward yield of 3.2%.