AWC enjoyed a stellar start to the month rallying +4.5% to be the 2nd best performer on the day on noticeably strong volume, there was no specific news post their 1H result the prior week which is often the signal of a “real” move in the offing – MM has been watching AWC in line with our bullish resources outlook and yesterday felt like the cork had finally popped under consistent pressure to the upside.
MM sees AWC as a trading buy with stops under $1.70 i.e. less than 9% risk
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