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Potential Buy Entry Alert to Watch CMA
Time Frame : Daily/Weekly
Sector : Real Estate
Key Stats : $1.54 Billion Market Cap, VWAP 2.97, ASX Ranking 207, 4 Week Av Turnover $2,834,009, Current Turnover Intraday $695,019 (1:32pm AEDT), PE 18.3, Div Yield 5.89%.
Company Overview : Centuria Metropolitan REIT (CMA) is an investment fund. CMA focuses on investing in office and industrial assets in metropolitan markets across Australia. The Fund comprises Centuria Metropolitan REIT No. 1 and Centuria Metropolitan REIT No. 2, being two stapled registered managed investment schemes. Centuria is comprised of two divisions:
Broker Consensus : HOLD
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CMA – Centuria Metropolitan Reit
CMA is not the prettiest looking chart but is finding some buyers stepping in to support price above the 2.90 zone. It still has some work to do the build for the entry setup but is one to keep on the watchlist. Watching for another spike in Volume to hold the 2.95 area and work its way through 3.05/3.10.
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Stock Code : CMA – Centuria Metropolitan Reit
Company Website : www.centuria.com.au
Current Price : 2.97
Status : On watch for potential higher low and push up through 3.05.
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