Buyers consolidating highs and looking for the next leg up

New Buy Entry Alert RFF

 

Time Frame : Daily/Weekly

Sector : Real Estate

Key Stats : $711.99 Million Market Cap, VWAP 2.118, ASX Ranking 274, 4 Week Av Turnover $627,900, Current Turnover (Intraday as at time of alert) $203,838, PE Ratio 15.1, Div Yield 4.73%.

Company Overview : Rural Funds Group (RFF) is a real estate property trust which owns a diversified portfolio of Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust and RF Active. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.

Broker Consensus : BUY

 

RFF – Rural Funds Group

RFF is holding up nicely as price weathers the global share market storm. We are now watching to take advantage of continuation higher as buyers step in. Happy to buy on a push up through 2.175 and will hold the stop loss at 2.08. If price trades lower at 2.08 prior to entry, we will cancel the alert and re-assess the action.

 

Stock Code : RFF – Rural Funds Group

Company Website : www.ruralfunds.com.au

Current Price : 2.13

New Buy Entry Level (Trigger Level) : 2.175

Potential Sell Exit Zone (Stop Loss) : 2.08

Status : On watch for a Buy entry trigger