Our ALGO engine triggered a buy signal in A2 Milk into yesterday’s ASX close at $9.81.
This “higher low” pattern is referenced to the intra-day low of $9.19 on May 23rd.
Despite falling formula prices in China, recent broker notes from both UBS and Goldman’s have positive ratings, citing robust net earnings results through 2020.
It’s worth noting that A2M is a high growth, low yielding stock and investors should apply a stop loss below the $9.10 level.
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.