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Potential Buy Entry Alert to Watch AZJ
Time Frame : Daily/Weekly
Sector : Transportation/Industrials
Key Stats : $10.82 Billion Market Cap, VWAP 5.51, ASX Ranking 45, 4 Week Av Turnover $44,889,664, Current Turnover Intraday $19,082,777 (1:57pm AEDT), PE 18.2, Div Yield 4.71%.
Company Overview : Aurizon Holdings Limited (AZJ) is an Australian rail freight operator company. The company transports more than 250 million tonnes of Australian commodities, connecting miners, primary producers, and industry with international and domestic markets. It provides customers with integrated freight and logistics solutions across a national rail and road network, traversing Australia. AZJ’s operations include Network, Coal and Bulk.
Broker Consensus : BUY
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AZJ – Aurizon Holdings Limited
AZJ has fallen away from highs around 6.10 but it now looks like buyers are stepping in to support price above the 5.20 level. We can see price still holding lower highs but also holding lower highs as buyers start to make a stand and soak up the pressure. A push up through the 5.65 area will perk the interest of further buyers so we are watching for higher lows to hold above 5.40 and then a lift on volume.
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Stock Code : AZJ – Aurizon Holdings Limited
Company Website : www.aurizon.com.au
Current Price : 5.50
Status : On watch for potential higher low and push up through 5.70
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