Crown Firms In Front Of Next Week’s Earnings Report

We followed an ALGO buy signal for CWN back in February at $12.60.

However, over the last few months, the stock has traded in a relatively narrow range between $13.80 and $13.25.

You're not a member!  Trial today!

With the company reporting full year earnings next Thursday, we see the potential for the stock price to trade up through the top end of the range.

We expect CWN to beat the consensus NPAT forecast of $370 million as operations in both Victoria and Sydney could print higher numbers.

CWN goes ex-dividend for 30 cents on September 21st and we see the next upside target neat $14.25.

Crown Resorts

Author: Todd

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.