Price is building and ready for the squeeze higher as buyers line up

New Buy Entry Alert ABP

Time Frame : Daily/Weekly

Sector : Real Estate

Key Stats : $2.56 Billion Market Cap, VWAP 3.97, ASX Ranking 140, 4 Week Av Turnover $3,141,514, Current Turnover (Intraday as at time of alert) $256,746, PE 11.4, Div Yield 4.66%.

Company Overview : Abacus Property Group (ABP) is a diversified property group that specialises in investing in core plus property opportunities across Australia’s commercial property markets. It invests in office, retail and industrial properties, self-storage facilities, participation in property ventures and developments and property funds management.

Broker Consensus : HOLD

ABP – Abacus Property Group

ABP is showing some good signs today of buyers willing to hold a higher level for a run to test the highs around 4.40. We are happy to buy on a push up through 4.06 with a Stop Loss at 3.87. If price falls below 3.87 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : ABP – Abacus Property Group

Company Website : www.abacusproperty.com.au

Current Price : 3.98

New Potential Buy Entry (Trigger Level) : 4.06

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 3.87

Status : On watch for Buy Entry Trigger

Alert History

Previous Alert 25/10/19

Potential Buy Entry Alert to Watch ABP

Time Frame : Daily/Weekly

Sector : Real Estate

Key Stats : $2.53 Billion Market Cap, VWAP 3.96, ASX Ranking 140, 4 Week Av Turnover $3,197,036, Current Turnover (Intraday as at time of alert) $951,864, PE 11.2, Div Yield 4.72%.

Company Overview : Abacus Property Group (ABP) is a diversified property group that specialises in investing in core plus property opportunities across Australia’s commercial property markets. It invests in office, retail and industrial properties, self-storage facilities, participation in property ventures and developments and property funds management.

Broker Consensus : HOLD

ABP – Abacus Property Group

ABP is showing some signs of buyers willing to hold a higher level for a run to test the highs around 4.40. We are now watching for current levels to hold and for price to push up through 4.00/4.05 and then build the higher low for the entry setup.

Stock Code : ABP – Abacus Property Group

Company Website : www.abacusproperty.com.au

Current Price : 3.97

Status : On watch for potential higher low and push up through 4.10