Sellers are in control as buyers continue to feel the heat and exit the action

Potential Sell Entry Alert MPL

 

Time Frame : Daily/Weekly

Sector : Insurance/Financial Services

Key Stats : $7.74 Billion Market Cap, VWAP 2.783, ASX Ranking 51, 4 Week Av Turnover $21,421,877, Current Turnover (Intraday as at time of alert) $1,217,807, PE Ratio 17.3, Div Yield 4.52%.

Company Overview : Medibank Private Limited (MPL) core business is the underwriting and distribution of PHI policies through its two brands, Medibank and AHM. It offers Hospital Cover and Extras Cover to customers in Australia as well as health insurance to overseas visitors and students. It also participates in the broader healthcare industry through the provision of integrated healthcare services to Policyholders, government, corporate and other customers.

Broker Consensus : HOLD

 

MPL – Medibank Private Limited

MPL is under pressure as buyers struggle to move the price much higher off support around 2.63. We are now watching for signs of further weakness and minor lower highs for a potential sell entry setup. If the entry plays out then we will be looking to see how buyer react around 2.65 for a push through to 2.40.

 

Stock Code : MPL – Medibank Private Limited

Company Website : www.medibank.com.au

Current Price : 2.785

Status : On watch for sell entry setup