Potential Buy Entry Alert ALX

Time Frame : Daily/Weekly

Sector : Transportation/Industrials

Key Stats : $4.45 Billion Market Cap, VWAP 6.567, ASX Ranking 91, 4 Week Av Turnover $26,388,253, PE Ratio 7.4, Div Yield 3.39%.

Company Overview : Atlas Arteria (ALX, formerly Macquarie Atlas Roads) comprises Atlas Arteria Limited (ATLAX) and Atlas Arteria International Limited (ATLIX), an exempted mutual fund company incorporated in Bermuda. Macquarie Fund Advisers Pty Limited is the manager/adviser of ATLAX and ATLIX. MFA is a wholly owned subsidiary of Macquarie Group Limited. ALX seeks to invest in global infrastructure assets.

ALX – Atlas Arteria

ALX is in a well established trend up as buyers continue to move price to new highs. We are now watching the short term action for a continuation move higher so will focus on price action for evidence that buyers are building the buy entry setup.

Stock Code : ALX – Atlas Arteria

Company Website : www.atlasarteria.com

Current Price : 6.57

Status : On watch for a buy entry setup