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Potential Sell Entry Alert to Watch SUN
Time Frame : Daily/Weekly
Sector : Insurance/Financial Services
Key Stats : $17.23 Billion Market Cap, VWAP 13.319, ASX Ranking 21, 4 Week Av Turnover $33,471,958, Current Turnover (Intraday as at time of alert) $17,920,500, PE 20, Div Yield 4.97%.
Company Overview : Suncorp Group Limited (SUN) is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, life insurance, superannuation and investment products in Australia and New Zealand. SUN has following five core businesses: Personal Insurance, Commercial Insurance, Vero New Zealand, Suncorp Bank and Suncorp Life.
Broker Consensus : BUY/HOLD
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SUN – Suncorp Group Limited
SUN is coming under pressure as buyers struggle to lift price up through 14.00 as sellers cap the run up. We now see the potential for a move lower to 12.00 if price breaks below 13.00 on increased volume. For a sell entry, we will watch the lower timeframe daily chart for a minor lower high (refer to pic).
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Stock Code : SUN – Suncorp Group Limited
Company Website : www.suncorpgroup.com.au
Current Price : 13.34
Status : On watch for potential lower high and move through 13.00
