53.12% Return On Iluka Resources

Posted on | by Todd

Our ALGO engine triggered a sell signal for Iluka Resources into yesterday’s ASX close at $10.14.

ILU was added to our ASX model portfolio on February 7th, 2017 at $7.07

As illustrated in the chart below, ILU remained in the model, with several additional buy signals, as the stock maintained a pattern of “higher lows” over the 603 day holding period.

Further, investors who held ILU through the duration of the buy signal would have picked up 53.12% on their investment.

This 53.12% return is broken down into a 47.17% gain on the share price combined with 41 cents of dividends per share.

We will keep LIU on the radar and update subscribers and clients with future ALGO signals on the stock.

Iluka Resources

 

ALGO Buy Signal For Suncorp

Posted on | by Todd

Our ALGO engine triggered a buy signal for Suncorp into yesterday’s ASX close at $14.20.

This “higher low” pattern is referenced to the intra-day low posted on June 14th at $13.70.

Shares of SUN have dropped over 10% during the last month as the potential for fines and increased regulations from the Royal Commission have weighed on both banking and insurance stocks.

However, the technical picture is beginning to look oversold. As such, we consider SUN a buy/write opportunity near the key support level of $13.60.

Suncorp

 

 

 

 

ALGO Update: A Buy/Write Strategy For Cimic

Posted on | by Todd

Our ALGO engine has been long CIM since June 1st at $40.00.

Since then the share price has risen over 25% and traded at a 10-month high of $51.64 last week.

In addition to posting better-then-expected profit results back in July, CIM has also secured several mining services agreements including a recent $420 million contract extension with Antofagasta Minerals in Chile.

On balance, we see the stock trading in a high-level consolidation pattern over the medium-term.

As such, we consider CIM a buy/write candidate with reasonable upside potential and increased cash flow from the sold call options.

Cimic

Seek – Price Support At $20.50

Posted on | by Leon Hinde

Our Algo Engine generated a buy signal in Seek at $19.70 back in July.

With the current share price finding support, (at a new higher low formation), we see this as a viable buy-write opportunity.

June $22.50 call option will generate an additional $0.75 per share of income.  Seek goes ex-dividend $0.24 on the 26th of March.