Has Woolworths (WOW) Turned A Corner?

Woolworths has long been a favorite stock to own for investors who had enjoyed several years of rising profits and dividends growing consistently year after year for over a decade.  This consistent growth has assisted investors as they watched the share price climb from below $3.00 a share back in 1996 to just under $39.00 in 2014 delivering over 1300% return in share price gains.

Since 2014 it has been a difficult journey for Woolworths and its investors as the share price has fallen from as high as $38.92 to a low of $$20.30 in July of this year as intense price war competition from Aldi, Metcash and Coles took its toll on Woolworths, as well as the failed Hardware expansion with the introduction of Masters Chain costing investors and shareholders millions in losses.

The downtrend channel and the breakout in July 2016

Shareholders and investors of Woolworths are now hoping the two year downtrend has ended, and share price gains that occurred from 1996 to 2014 starts all over again.

Disclaimer: This post was for educational purposes only and all the information contained within this post is not to be considered as advice or a recommendation of any kind. If you require advice or assistance please seek a licensed professional who can provide those services.