Buyers building as price is set to take off

Potential Buy Entry Alert SYD

 

Time Frame : Daily

Sector : Transportation

Key Stats : $16.02 Billion Market Cap, VWAP 7.128, ASX Ranking 25, 4 Week Av Turnover $33,566,238, PE Ratio 45.8, Div Yield 5.13%.

Company Overview : Sydney Airport (SYD) owns and operates an airport in Sydney, Australia. SYD Provides Aeronautical, retail, property, car rental and parking and ground transport services through their two main business units which are Aviation (Sydney Airport) and Leasing & Advertising Opportunities.

Broker Consensus : Hold

Half year results are due out the 22nd August 2018.

 

SYD – Sydney Airport

SYD is in a prime position to hold a higher low as buyers soak up the selling pressure. We are now watching for buyers to push price up through 7.20 and then build the buy entry setup that may take the action up and through 7.70 highs.

 

Stock Code : SYD – Sydney Airport

Company Website : www.sydneyairport.com.au

Current Price : 7.16

Status : On watch for higher low buy entry setup