Buyers building and ready to charge as price holds higher levels

Potential Buy Entry Alert to Watch NEC

Time Frame : Daily/Weekly

Sector : Media and Entertainment

Key Stats : $3.32 Billion Market Cap, VWAP 1.965, ASX Ranking 121, 4 Week Av Turnover $16,491,225, Current Turnover (Intraday as at time of alert) $557,630, PE 9.3, Div Yield 4.46%.

Company Overview : Nine Entertainment Co. Holdings Limited (NEC) is an Australian and media entertainment group with television broadcasting and program production; and digital, internet, subscription television, and other media sectors. Business operates in the four divisions: free-to-air television, digital publishing, video-on-demand (advertising and subscription) and content production.

Broker Consensus : BUY

NEC – Nine Entertainment Holdings Limited

NEC is consolidating the highs above 1.85 and with solid divs and a low PE we expect this to find some interest from longer term buyers. We are now watching for a higher low to hold and support price for a run up through 2.15 towards the 2.60 level.

Stock Code : NEC – Nine Entertainment Holdings Limited

Company Website : www.nineentertainmentco.com.au

Current Price : 1.975

Status : On watch for potential higher low and push up through 2.15