Our ALGO engine triggered a buy signal on CSR at $4.64 on June 15th.
The “higher low” pattern is referenced to the $4.36 low posted in November of last year.
Internal momentum indicators are beginning to firm suggesting solid investor support in the $4.50 area.
CSR will pay a 13.5 cent dividend in November and we see a medium-term upside target around $5.45.
Todd has worked in the financial industry for 20 years. During this time, his primary focus has been in the Foreign Exchange, Global Equities and Fixed Income areas. Todd has also served as a Judicial Advocate in several tax cases in the US Federal Court.