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Potential Sell Entry Alert to Watch MND
Time Frame : Daily
Sector : Capital Goods/Industrials
Key Stats : $1.78 Billion Market Cap, VWAP 18.652, ASX Ranking 178, 4 Week Av Turnover $6,935,901, Current Turnover (Intraday as at time of alert) $776,589, PE 27.5. Div Yield 3.02%.
Company Overview : Monadelphous Group Limited (MND) is an S&P/ASX 200 company that provides construction, maintenance and industrial services to the resources, energy and infrastructure sectors.
Broker Consensus : HOLD
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MND – Monadelphous Group Limited
MND is looking heavy as price comes under selling pressure up at resistance around 19.95. We see the string possibility that a lower high is building at 19.25 that will drag in some further sellers for a move down through 18.00. Watching now for a push through 18.50 and then a lower high to build for the entry setup.
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Stock Code : MND – Monadelphous Group Limited
Company Website : www.monadelphous.com.au
Current Price : 18.64
Status : On watch for potential lower high and push down through 18.00
