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Potential Sell Entry Alert to Watch IFM
Time Frame : Daily/Weekly
Sector : Software and Services/Technology
Key Stats : $636.69 Million Market Cap, VWAP 1.995, ASX Ranking 334, 4 Week Av Turnover $21,766,476, Current Turnover Intraday $1,633,195 (2:37pm AEDT)., PE 38.5, Div Yield 1.08%
Company Overview : Infomedia Limited (IFM) is a technology services developer and supplier of electronic parts catalogues and service systems to the global automotive industry. Infomedia also provides information management and analysis for the Australian automotive and oil industries.
Broker Consensus : BUY/HOLD
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IFM – Infomedia Limited
IFM is on the ropes and recent buyers look happy to start to lock away some gains and call it a day. Price is holding a lower high around 2.20 after a key clean out to the 2.50 area (refer to the chart). New buyers are starting to run into selling pressure so we will be watching to see how committed the buyers and if price can not hold above 2.00 in the coming days/weeks.
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Stock Code : IFM – Infomedia Limited
Company Website : www.infomedia.com.au
Current Price : 2.01
Status : On watch for potential lower high and push down through 1.90
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