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Potential Buy Entry Alert to Watch SPK
Time Frame : Daily/Weekly
Sector : Telecommunications Services
Key Stats : $7.05 Billion Market Cap, VWAP 3.826, ASX Ranking 57, 4 Week Av Turnover $3,072,629, Current Turnover (Intraday as at time of alert) $847,680, PE 19.9, Div Yield 5.07%.
Company Overview : Spark New Zealand Limited (SPK, formerly Telecom Corporation of New Zealand Limited) is a NZ telecommunications service provider, offering a range of services and products to consumers and businesses. The Company has following business units: Spark Home, Mobile & Business; Spark Digital and Spark Connect.
Broker Consensus : Not covered by a major broker
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SPK – Spark New Zealand Limited
SPK has fell away from highs in December but is now in a prime position for buyers to put in the groundwork to continue the trend higher. We are now watching for evidence that buyers are doing just that by building a higher low for a move up through 3.95 to drag in further buying. Watching now for the setup.
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Stock Code : SPK – Spark New Zealand Limited
Company Website : www.spark.co.nz
Current Price : 3.835
Status : On watch for potential higher low and move through 4.15
