New Buy Entry Alert RIO
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $33.18 Billion Market Cap, VWAP 80.882, ASX Ranking 12, 4 Week Av Turnover $157,611,047, PE Ratio 12.8, Div Yield 4.55%.
Company Overview : Rio Tinto Limited (RIO) is engaged in minerals and metals exploration, development, production and processing. The Company’s Portfolio of assets is condensed into four product groups: Aluminium, Copper & Diamonds, Energy &Minerals and Iron Ore.
Broker Consensus : Buy
Earnings tentatively Due 1/8/18
RIO – RIO Tinto Limited
RIO is in a prime position for a move up as long term buyers continue the trend higher. An earnings update is due out tomorrow which could give price a good boost. We are happy to buy at 83.00 up to 83.20 (in case of a gap higher) and hold the stop loss at 78.00. If price touches 78.00 prior to entry then we will re-assess the alert.
Stock Code : RIO- RIO Tinto Limited
Company Website : www.riotinto.com
Current Price : 81.02
New Buy Entry (Trigger Level) : 83.00 up to 83.20
Potential Sell Exit Zone (Stop Loss) : 78.00
Status : On watch for a buy entry trigger