Time for buyers to make their move and push price higher

Potential Buy Entry Alert to Watch PPT

Time Frame : Daily

Sector : Diversified Financials/Asset Management

Key Stats : $1.84 Billion Market Cap, VWAP 39.703, ASX Ranking 172, 4 Week Av Turnover $5,812,364, Current Turnover (Intraday as at time of alert) $525,172, PE 13.7, Div Yield 6.72%.

Company Overview : Perpetual Limited (PPT) is an independent and diversified financial services group providing specialised investment management, wealth advice and corporate fiduciary services to individuals, families, financial advisers and institutions. PPT comprises of four core businesses: Perpetual Investment, Perpetual Private, Corporate Trusts and Group Support services.

Broker Consensus : HOLD

PPT – Perpetual Limited

PPT is doing a lot of work to hold above support in a positive sign for the bulls. We see a recent change in the volume dynamics could lead to a push up through the 45.00 resistance zone. Watching for evidence to build that buyers are ready to push price higher out of contraction. A PE below market and solid Divs should see this bring in buyers.

Stock Code : PPT – Perpetual Limited

Company Website : www.perpetual.com.au

Current Price : 39.78

Status : On watch for potential higher low and move up through 45.00