The price appreciation has been very steady for the past 3 months now, which is great! But what is making me really take notice is the volume change.
Prior to the latest results the volume was still generally around the 20k-50k a day range (ASX only)...... but on the day the results came out around 400k went through... that is a very big spike and it that shows there were people sitting around waiting..... and those results gave them the confidence to buy in.
And since that results day the daily volume is now around the 100k-150k (ASX only) so plenty of money is still coming in.
In the short term while the companies growth strategy is working (which the results illustrated it is) I just don't see that trend changing.... unless a big general mkt stock sell off happens I think XRO will hit the $4bil mkt cap (around $30 a share) by years end if not sooner.
Ann: Investor Briefing Full Year Ended 31 March 2017, page-69
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Last
$136.40 |
Change
0.960(0.71%) |
Mkt cap ! $20.81B | |||
| Open | High | Low | Value | Volume |
| $136.52 | $137.38 | $135.44 | $36.87M | 270.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 178 | $136.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $136.40 | 768 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| XRO (ASX) Chart |