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Insurance Australia Group (IAG) $5.35

IAG held up well yesterday in the face of sector weakness, the technical picture looks great to us for the insurer targeting a break of $6 after trading sideways for the last year. When combined with an earnings report void of any nasty surprises earlier in the month and forecasted 4.5% yield over the next year MM remains happy with our recent move into IAG.

IAG
MM remains long & bullish IAG
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Insurance Australia Group (IAG)
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