Price action is building and ready to run to new highs

Potential Buy Entry Alert to Watch RFF

Time Frame : Daily/Weekly

Sector : Real Estate

Key Stats : $747.37 Million Market Cap, VWAP 2.271, ASX Ranking 281, 4 Week Av Turnover $682,841, Current Turnover (Intraday as at time of alert) $573,998, PE Ratio 16.8, Div Yield 4.61%.

Company Overview : Rural Funds Group (RFF) is a real estate property trust which owns a diversified portfolio of Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust and RF Active. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.

Broker Consensus : BUY

RFF – Rural Funds Group

RFF is showing some great longer term action as price holds higher levels. The action can get whippy (spikes lower to clear out some buyers) and its still capped at the 2.30 zone. We are now watching for a push through 2.30 resistance for evidence that buyers are getting involved. From there we will be happy to see the higher low build the entry setup.

Stock Code : RFF – Rural Funds Group

Company Website : www.ruralfunds.com.au

Current Price : 2.275

Status : On watch for potential higher low