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Potential Buy Entry Alert to Watch IFM
Time Frame : Daily
Sector : Software and Services/ Technology
Key Stats : $393.66 Million Market Cap, VWAP 1.285, ASX Ranking 403, 4 Week Av Turnover $283,375, Current Turnover (Intraday as at time of alert) $395,543, PE 30.3, Div Yield 1.35%.
Company Overview : Infomedia Limited (IFM) is a provider of information solutions to the after sales parts and service sector of the automotive industry. IFM supplies online parts selling systems, menu pricing systems, a range of publications, as well as data analysis and information research for automotive manufacturers. IFM products are used by over 147,000 dealership personnel in over 185 countries.
Broker Consensus : BUY
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IFM – Infomedia Limited
IFM is getting a move on as buyers step up and soak up the selling pressure at higher levels. We are now happy to watch for a few late buyers to get squeezed out on a pullback, to build the buy entry setup.
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Stock Code : IFM – Infomedia Limited
Company Website : www.infomedia.com.au
Current Price : 1.29
Status : On watch for potential higher low and move through 1.40
