Our ALGO engine triggered a sell signal for AGL on May 2nd at $22.50.
At the time, we suggested selling $23.00 call options into September, so investors would receive increased cash flow as well as the 54 cent dividend on August 23rd.
Performance reports from both the Loy Yang A and Bayswater facilities have failed to generate strong buying interest and we remain neutral on the stock.
Daily charts suggest the next level of support for AGL is near $21.35.
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.