Buyers on the move as price holds at higher levels

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


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.

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