Australia Stock Alert


Afternoon Alert: Australia and New Zealand Banking increases 0.9%, leads market higher October 19, 2017 13:00:00 AEST


Australia and New Zealand Banking Group Limited (ASX:ANZ) has increased 0.9% to trade at $A30.62 vs. the All Ordinaries Index which strengthened 10.9 points (or 0.2%) to 5,965.7. Representing a weighting of about 4.6% of the index, the stock accounted for 22.8% of today's gain.

Current indications of bullish signals that support the trend in the unusual trading:

+ The positive 0.17 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 4.6% discount to 12-month high of $A32.09 against the 25.5% premium to 12-month low of $A24.40 suggests the stock continues to push for new highs.

+ The price increased 1.9% in the last week and 1.3% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:


+ Price to Book of 1.8 [2.1]

+ Price/Earnings of 16.2 [18.6]

Other Bullish Signals include:

+ Net profit margin has averaged 22.8% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 9.9% is better than sector average of 9.7%.


Bearish Signals:

Revenue growth rate has shown signs of deterioration in recent years.

Australia and New Zealand Banking Group Limited (AU:ANZ; ASX:ANZ; AX:ANZ)

ISIN: AU000000ANZ3

PermID: 4295856605