Buildings products company CSR experienced a tough session yesterday on a broker downgrade prompting money to gravitate towards sector peer Adbri (ABC) whose shares surged over 7% following a supply agreement extension with Alcoa & a broker upgrade. At this stage we see no reason to change our stance and a fresh break back above $6 will now generate a solid technical buy signal. We own CSR in our Flagship Growth Portfolio.
MM remains bullish CSR looking for a break of 2021 highs
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