Potential Sell Entry Alert to Watch SYD
Time Frame : Daily/Weekly
Sector : Transportation/Industrials
Key Stats : $15.04 Billion Market Cap, VWAP 6.658, ASX Ranking 25, 4 Week Av Turnover $34,140,801, Current Turnover (Intraday as at time of alert) $13,972,125.
Company Overview : Sydney Airport (SYD) owns and operates an airport in Sydney, Australia. SYD Provides Aeronautical, retail, property, car rental and parking and ground transport services through their two main business units which are Aviation (Sydney Airport) and Leasing & Advertising Opportunities.
Broker Consensus : HOLD
SYD – SYD Airport FP Stapled Securities
SYD has been struggling to push up through the 7.60 zone for a while and may be be seeing long term buyers give up. We see the potential for a lower high to build below 7.00 (refer to chart) which will see further sellers enter the market and buyers squeezed out. SYD looks like a prime candidate to see some heat if the ASX200 rolls over.
Stock Code : SYD – Sydney Airport FP Stapled Securities
Company Website : www.sydneyairport.com.au
Current Price : 6.655
Status : On watch for potential lower high and sell opportunity
