May 16, 2019
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $36.49 Billion Market Cap, VWAP 98.546, ASX Ranking 12, 4 Week Av Turnover $169,611,960, Current Turnover (Intraday as at time of alert) $70,713,327, PE 8.7, Div Yield 4.29%.
Company Overview : Rio Tinto Limited (RIO) is engaged in minerals and metals exploration, development, production and processing. The Company’s Portfolio of assets is condensed into four product groups: Aluminium, Copper & Diamonds, Energy &Minerals and Iron Ore.
Broker Consensus : HOLD
RIO is strong as long term buyers continue the march towards all time highs. We are now watching for the buy entry setup to get on board the action for the push up through 102.50. Buyers need to confirm the move with a higher low above 95.00.
Stock Code : RIO – Rio Tinto Limited
Company Website : www.riotinto.com
Current Price : 98.79
Status : On watch for potential higher lows and run up through 0.90
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