Price starting to break up out of a long term range as buyers apply the pressure

Potential Buy Entry Alert SKC

 

Time Frame : Daily/Weekly

Sector/Industry Group : Consumer Services/Resorts and Casinos

Key Stats : $2.55 Billion Market Cap, VWAP 3.896, ASX Ranking 140, 4 Week Av Turnover $1,508,804, PE 16.9, Div Yield 4.71%.

Company Overview : SkyCity Entertainment Group (SKC) operates in the gaming/entertainment business and also in the hotel and convention, hospitality, recreation, and tourism sectors. The Company’s operating segments include SKYCITY Auckland, Rest of New Zealand, SKYCITY Australia, SKYCITY Darwin and International business

Broker Consensus : None

 

SKC – Skycity Entertainment Group Limited

SKC has spent the year range trading as buyers and sellers fight it out with buyers only now starting to win the battle. Price is starting to push higher giving confidence to the bulls so we are looking for a pullback to build the higher low and buy entry setup.

 

Stock Code : SKC – Skycity Entertainment Group Limited

Company Website : www.skycityentertainmentgroup.com

Current Price : 3.90

Status : On watch for a buy entry setup