Price pushes higher to trigger the buy entry level

DMP has pushed higher to trigger the buy entry level at 50.85 so the alert is now active.

The Stop Loss is held at 47.75 with the current price at 51.33

 

Original Alert 27/7/18

New Buy Entry Alert DMP

 

Time Frame : Daily

Sector : Consumer Services/Restaurants

Key Stats : $4.17 Billion Market Cap, VWAP 49.838, ASX Ranking 101, 4 Week Av Turnover $18,483,572, PE 38.8, Div Yield 2.11%.

Company Overview : Domino’s Pizza Enterprises Limited (DMP) is engaged in the operation of retail food outlets and franchise service. The Company holds the exclusive master franchise rights for the Domino’s brand and network in Australia, New Zealand, France, Belgium, the Netherlands, Japan and the Principality of Monaco. The Domino’s brand is owned by Domino’s Pizza, Inc. which operates within the Quick Service Restaurant (QSR) pizza segment of the fast food market in Australia and New Zealand.

 

DMP – Domino’s Pizza Enterprises Limited

DMP has spent some time clearing out a few late buyers and is now building for a continuation move higher. We are happy to buy on a push up through 50.85 and will hold the stop loss at 47.75. If price falls through 47.75 prior to entry, we will re-assess the alert.

 

Stock Code : DMP – Domino’s Pizza Enterprises Limited

Company Website : www.dominos.com.au

Current Price : 50.03

New Buy Entry (Trigger Level) : 50.85

Potential Sell Exit Zone (Stop Loss) : 47.75

Status : On watch for a buy entry trigger