Buyers holding price up and ready for a new run higher

Potential Buy Entry Alert to Watch VOC

Time Frame : Daily/Weekly

Sector : Telecommunication Services

Key Stats : $2.21 Billion Market Cap, VWAP 3.575, ASX Ranking 156, 4 Week Av Turnover $10,018,392, Current Turnover (Intraday as at time of alert) $12,202,177.

Company Overview : Vocus Group Limited (VOC, formerly Vocus Communications Limited) is a telecommunications provider of Internet, Fibre, Data Centres and Unified Communications across Australia and New Zealand. It has three operating segments; Enterprise & Wholesale Australia, Consumer Australia, and New Zealand.

Broker Consensus : SELL/HOLD

VOC -Vocus Group Limited

VOC has been in pullback mode since earnings on the 27th Feb where price surprised to the upside. We see early signs now that price may be ready to rally and expand to new highs through 3.90 if it can hold the 3.50 zone and build a minor higher low. Watching now for a pick up in volume for further evidence.

Stock Code : VOC – Vocus Group Limited

Company Website : www.vocusgroup.com.au

Current Price : 3.60

Status : On watch for potential higher low