Potential Buy Entry Alert ANZ

Time Frame : Daily/Weekly

Sector : Banks/Financial Services

Key Stats : $82.92 Billion Market Cap, VWAP 28.821, ASX Ranking 5, PE Ratio 11.9, Div Yield 5.75%.

Company Overview : Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. ANZ operates in Australia, New Zealand, Asia Pacific region, the United Kingdom and the United States. ANZ main business divisions consist of Retail, Corporate and Commercial Banking, Global Wealth and International and Institutional Banking Division.

ANZ –  Australia and New Zealand Banking Group Limited

ANZ has been on a run the last few days as banks recovered some lost ground. We see the potential now for a longer term move up as buyers step back in to the action. Price over the last few days is looking stretched so we are on watch for a pullback to build the higher low and entry setup.

Stock Code : ANZ – Australia and New Zealand Banking Group Limited

Company Website : www.anz.com

Current Price : 28.57

Status : On watch for buy entry trigger