Price looks weak as directors sell down holdings

New Sell Entry Alert KGN

 

Time Frame : Daily/Weekly

Sector : Retailing

Key Stats : $590.36 Million Market Cap, VWAP 6.282, ASX Ranking 327, 4 Week Av Turnover $6,498,616, Todays Current Turnover (intraday) $49,112,643, PE 41.7, Div Yield 2.06%.

Company Overview : Kogan.com is a portfolio of retail and services businesses that includes Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Broadband, Kogan Insurance and Kogan Travel. Kogan is a leading Australian consumer brand renowned for price leadership through digital efficiency. The company is focused on making in-demand products and services more affordable and accessible.

Broker Consensus : Buy

 

KGN – Kogan.com Limited

KGN is finding weakness as investors are unhappy with Directors selling shares in the company. We are now watching the 6.10 mark for a break and to trigger further selling pressure. Happy to sell with a push down through 6.05 with the stop loss to be held at 6.55. If price pushes higher through 6.55 prior to entry then we will cancel the alert and re-assess the action.

 

Stock Code : KGN – Kogan.com Limited

Company Website : www.kogancorporate.com

Current Price : 6.31

New Sell Entry Level (Trigger Level) : 6.05

Potential Buy Exit Zone (Stop Loss) : 6.55

Status : On watch for a Sell entry trigger