Buyers holding their ground to soak up selling pressure

Potential Buy Entry Alert BOQ

 

Time Frame : Daily/Weekly

Sector : Banks/Financial Services

Key Stats : $4.3 Billion Market Cap, VWAP 10.852, ASX Ranking 99, 4 Week Av Turnover $13,805,895, PE 11.5, Div Yield 7.02%.

Company Overview : Bank of Queensland Limited (BOQ) is an Australia-based entity engaged in retail banking, leasing finance and insurance products. The Bank operates in two segments: banking and insurance. BOQ’s operations comprises of Banking, BOQ Finance, BOQ Specialist, St Andrew’s insurance and Virgin Money Australia. As at 31 August 2017, BOQ has 74 Corporate and 109 Owner managed branches, 7 Transaction centers, 628 BOQ branded ATM’s, 2948 REDI ATM’s and 4059 Brokers’ network across Australia.

Broker Consensus : Hold

 

BOQ – Bank of Queensland Limited

BOQ is holding higher levels after a recent big clean out of a major support zone at 10.00. We see buyers coming in to soak up the selling pressure so are now on watch for price to build the higher low for an entry setup.

 

Stock Code : BOQ – Bank Of Queensland Limited

Company Website : www.boq.com.au

Current Price : 11.01

Status : On watch for higher low buy entry setup