Buyer building for a move into new highs

New Buy Entry Alert CQE

Time Frame : Daily

Sector : Real Estate

Key Stats :  $1.09 Billion Market Cap, VWAP 3.631, ASX Ranking 226, 4 Week Av Turnover $1,334,767, Current Turnover (Intraday as at time of alert) $650,177, PE 10.3, Div Yield 4.37%.

Company Overview : Charter Hall Education Trust (CQE, formerly Folkestone Education Trust) is a listed real estate investment trust (A-REIT) that primarily invests in early learning properties within Australia and New Zealand. Charter Hall Education Trust is managed by Charter Hall Group.

Broker Consensus : Not covered by a major broker

CQE – Charter Hall Edu TR

CQE has rejected lows on a show of strength from buyers and looks set to push into new highs. We are happy to buy on a push up through 3.68 and will hold the stop loss at 3.50. If price pushes below the 3.50 prior to entry, then cancel the alert and we will re-assess the action.

Stock Code : CQE – Charter Hall Edu TR

Company Website : www.charterhall.com.au

Current Price : 3.62

New Buy Entry (Trigger Level) : 3.68

Potential Sell Exit Zone (Stop Loss) : 3.50

Status : On watch for Buy Entry Trigger