ALU surged higher when it reported in August; hence, we can see it running higher into its result on the 20th of February, which could provide an ideal opportunity to lock in a profit above $50, i.e. “buy on rumour, sell on fact” but in reverse. MM believes ALU is a great company, but it will be fully valued at around $50, especially as the Tech Sector looks stretched.
- We are still looking to take profit on ALU above $50 if the opportunity arises in the coming weeks.
MM remains long and cautiously bullish toward ALU
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