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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
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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.
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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
