Tag: ASX:DOW

Downer EDI continues to trade higher and the stop loss can be lifted to $4.11

Downer EDI

Downer EDI

Downer EDI is now an open trade with a stop loss below the pivot low.

Downer EDI is now under Algo Engine buy conditions.

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Downer EDI is now under Algo Engine buy conditions, following the entry signal at $5.15. The stock is now included in our ASX 100 model portfolio.

The company is making progress on its urban growth strategy and the divestments within the mining services sector are helping to sure up the balance sheet and de-risk the business outlook.

We see scope for double digit EPS growth into FY22 & FY23.

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Downer EDI is now under Algo Engine buy conditions, following the entry signal at $5.15. The stock is now included in our ASX 100 model portfolio.

The company is making progress on its urban growth strategy and the divestments within the mining services sector are helping to sure up the balance sheet and de-risk the business outlook.

We see scope for double digit EPS growth into FY22 & FY23.

,

Downer EDI is now under Algo Engine buy conditions, following the entry signal at $5.15. The stock is now included in our ASX 100 model portfolio.

The company is making progress on its urban growth strategy and the divestments within the mining services sector are helping to sure up the balance sheet and de-risk the business outlook.

We see scope for double digit EPS growth into FY22 & FY23.

,

Downer EDI is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

The company reaffirmed FY20 net profit after tax guidance of $365m, which represents 7% growth on the same time last year.

Dow trades on a forward yield of 3.7%.

We see value in accumulating the stock within the $7.50 – $8.00 price range.