Potential Buy Entry Alert to Watch GMG

Time Frame : Daily/Weekly

Sector : Real Estate

Key Stats : $18.74 Billion Market Cap, VWAP 10.349, ASX Ranking 16, 4 Week Av Turnover $38,105,624, Current Turnover (Intraday as at time of alert) $8,894,239, PE Ratio 16.9, Div Yield 2.71%.

Company Overview : Goodman Group (GMG) is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. GMG comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited. GMG operates four divisions namely Property Investment, Fund Management, Property Services and Property Development.

Broker Consensus : BUY

GMG – Goodman Group

GMG has been in a long term uptrend and continues to hold up well considering the ASX200 is under pressure. We are now watching for minor contraction in price to build the buy entry setup for continuation up through recent highs around 10.80. The action may take some time to build as buyers hand on the sidelines until the ASX200 action picks up.

Stock Code : GMG – Goodman Group

Company Website : www.goodman.com

Current Price : 10.385

Status : On watch for buy entry setup