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New Buy Entry Alert CBA
Time Frame : Weekly
Sector : Banks/Financial Services
Key Stats : $141.42 Billion Market Cap, VWAP 79.982, ASX Ranking 1, 4 Week Av Turnover $208,176,023, Current Turnover (Intraday as at time of alert) $10,621,260, PE 16.5, Div Yield 5.40%.
Company Overview : Commonwealth Bank of Australia (CBA) is Australia’s leading providers of integrated financial services, providing retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities. Their operations are conducted primarily in Australia and New Zealand. In addition, they also operate in a number of other countries, including the United Kingdom, the United States, China, Japan, Singapore, Hong Kong, Indonesia and South Africa.
Broker Consensus : HOLD/SELL
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CBA – Commonwealth Bank
CBA is holding up well and looking to new highs as continued buying supports price. We are now happy to buy on a push up through 82.00 with a Stop Loss at 75.00. If price falls below 75.00 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : CBA – Commonwealth Bank
Company Website : www.commbank.com.au
Current Price : 80.20
New Potential Buy Entry (Trigger Level) : 82.00
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 75.00
Status : On watch for Buy Entry Trigger
