Price is holding highs in a show of strength from buyers

Potential Buy Entry Alert to Watch MND

Time Frame : Daily/Weekly

Sector : Captial Goods/Industrials

Key Stats : $1.64 Billion Market Cap, VWAP 17.476, ASX Ranking 178, 4 Week Av Turnover $8,294,405, Current Turnover (Intraday as at time of alert) $469,541.

Company Overview : Monadelphous Group Limited (MND) is an S&P/ASX 200 company that provides construction, maintenance and industrial services to the resources, energy and infrastructure sectors.

Broker Consensus : HOLD

MND – Monadelphous Group Limited

MND has had a good run up from the start of the year along with the ASX and is holding highs above 17.00 in a show of strength from the buyers. We are now watching for a minor higher low that will drag in further buying pressure for a continuation to the 20.00 zone and potentially beyond.

Stock Code : MND – Monadelphous Group Limited

Company Website : www.monadelphous.com.au

Current Price : 17.66

Status : On watch for potential higher low