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ABP opened lower to trigger the Stop Loss level at 3.87 so the alert is now cancelled. We will watch the action from here but do want to see more buying volume come in to support the action prior to another entry alert.
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Alert History
Original Buy Entry Alert 28/10/19
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
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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.
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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
