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New Buy Entry Alert TPM
Time Frame : Weekly
Sector : Telecommunications Services
Key Stats : $6.11 Billion Market Cap, VWAP 6.71, ASX Ranking 77, 4 Week Av Turnover $4,062,333, Current Turnover (Intraday as at time of alert) $2,038,187, PE 35.2, Div Yield 0.61%.
Company Overview : TPG Telecom Limited (TPM) is an Australian-based multi-media full service telecommunications company providing consumer, wholesale and corporate telecommunications services. The business offers voice, internet and data solutions to a range of customers from consumer to SME, corporate and government sectors.
Broker Consensus : HOLD
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TPM – TPG Telecom Limited
TPM has spent some time holding a base around 6.00 to setup for a run higher. Buyers are laying the foundations so it is all about the entry now to bring in further fuel for the move up. We are now happy to buy on a push up through 7.30 with a Stop Loss at 6.40. If price falls below 6.40 prior to entry, we will cancel the alert and re-assess the action. It is a wider than usual entry but price will need to prove itself and clear out a few highs to convince longer term buyers to jump into the action.
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Stock Code : TPM – TPG Telecom Limited
Company Website : www.tpg.com.au
Current Price : 6.81
New Potential Buy Entry (Trigger Level) : 7.30
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 6.40
Status : On watch for Buy Entry Trigger
