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New Sell Entry Alert NEC
Time Frame : Daily
Sector : Media and Entertainment/Communication Services
Key Stats : $3.12 Billion Market Cap, VWAP 1.845, ASX Ranking 124, 4 Week Av Turnover $9,341,124, Current Turnover (Intraday as at time of alert) $1,694,266, PE 9.3, Div Yield 4.46%.
Company Overview : Nine Entertainment Co. Holdings Limited (NEC) is an Australian and media entertainment group with television broadcasting and program production; and digital, internet, subscription television, and other media sectors. Business operates in the four divisions: free-to-air television, digital publishing, video-on-demand (advertising and subscription) and content production.
Broker Consensus : BUY
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NEC – Nine Entertainment
NEC is looking shaky as sellers edge into the action and keep the pressure on. Price is extended and failed to get up to previous highs around 2.10. We are now watching for failure of the move up off 1.70 and then a run lower as buyers exit. We are happy to sell on a push down through 1.80 with a Stop Loss at 1.92. If price rallies through 1.92 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : NEC – Nine Entertainment
Company Website : www.nineentertainmentco.com.au
Current Price : 1.855
New Potential Sell Entry (Trigger Level) : 1.80
Potential Buy Exit Zone (Stop Loss/Cancel Level) : 1.92
Status : On watch for Sell Entry Trigger
