Price is consolidating highs and building for a potential move higher

Potential Buy Entry Alert to Watch REA

Time Frame : Daily/Weekly

Sector : Media and Entertainment/Technology

Key Stats : $10.53 Billion Market Cap, VWAP 81.063, ASX Ranking 40, 4 Week Av Turnover $17,362,967, Current Turnover (Intraday as at time of alert) $2,567,664, PE 44.8, Div Yield 1.27%.

Company Overview : REA Group Ltd (REA) provides property and property-related services on websites and mobile apps across Australia and Asia. REA provide digital tools, information and data for people interested in property. REA has two operating segments: Property & Online Advertising and Financial Services.

Broker Consensus : BUY/HOLD


REA – Rea Group Limited

REA has been ranging between 70.00 and 82.00 for most of the last six months but the longer term action looks supportive of higher prices down the track. If price continues to consolidate above 72.00 with higher lows coming into play, then we will be watching the action for a buy entry setup. Ideally, we would like to see a push up through 82.00 followed buy a higher low for the evidence of strength.

Stock Code : REA – Rea Group Limited

Company Website : www.rea-group.com

Current Price : 81.815

Status : On watch for potential higher low and move through 95.00