Buyers trading in the green on a day the ASX is under pressure

New Buy Entry Alert FXL

Time Frame : Daily/Weekly

Sector : Diversified Financials

Key Stats : $698.07 Million Market Cap, VWAP 1.805, ASX Ranking 305, 4 Week Av Turnover $1,376,209, Current Turnover (Intraday as at time of alert) $434,494, PE 9.5, Div Yield 4.35%.

Company Overview : FlexiGroup Limited (FXL) is a diversified financial services group providing no interest ever, leasing, vendor finance programs, interest free and credit cards, lay-by and other finance solutions to consumers and businesses. FXL operates in Australia, New Zealand and Ireland within a diverse range of industries including: home improvement, solar energy, fitness, IT, electrical appliances, travel and trade equipment.

Broker Consensus : BUY

FXL – Flexigroup Limited

Recent positive news releases has buyers stepping into the action to support higher levels. We are happy to buy on a push up through 1.885 and will hold the risk level and stop loss at 1.70. If price falls below 1.70 prior to entry, then we are happy to cancel the alert and re-assess the action. The perfect scenario will be for price to consolidate over the next few trading days above 1.75 which would give a move through 1.87 highs more strength.

Stock Code : FXL – Flexigroup Limited

Company Website : www.flexigroup.com.au

Current Price : 1.805

New Potential Buy Entry (Trigger Level) : 1.885

Potential Sell Exit Zone (Stop Loss) : 1.70

Status : On watch for buy entry trigger