–
Potential Sell Entry Alert to Watch ANZ
Time Frame : Daily/Weekly
Sector : Banks/Financial Services
Key Stats : $76.24 Billion Market Cap, VWAP 26.775, ASX Ranking 5, 4 Week Av Turnover $160,073,165, Current Turnover (Intraday as at time of alert) $10,200,129, PE Ratio 12.1, Div Yield 5.97%.
Company Overview : Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. ANZ operates in Australia, New Zealand, Asia Pacific region, the United Kingdom and the United States. ANZ main business divisions consist of Retail, Private Banking (B&PB) business units, Transaction Banking, Loans & Specialised Finance, Markets, Commercial banking and wealth management services.
Broker Consensus : BUY
–
ANZ – Australia And New Zealand Banking Group Limited
ANZ is coming under pressure below major resistance around 30.00 as the ASX200 rolls over under global uncertainty. We see the potential for banks to be dragged lower as the move up off the lows in December is running out of puff. We are watching now for sellers to come in as lower levels to build the lower high and push price towards 25.00 and below.
–
Stock Code : ANZ – Australia And New Zealand Banking Group Limited
Company Website : www.anz.com
Current Price : 26.71
Status : On watch for potential lower high and push down through 25.00
