$GMG - GOODMAN GROUP - Great performer running again

$GMG - GOODMAN GROUP - Great performer running again

Been a good performer this year and has some extra volume coming through giving it a further boost. Might be a short term correction or consolidation with the RSI so high. Trick is whether you can get someone to part with some of their shares.

Goodman Group is a global integrated property company. The Company is engaged in owning, developing and managing industrial property and business space in the markets across the world. The principal activities of the Company are investment in directly and indirectly held industrial property, property services, property development (including development management) and fund management. The Company's segments include Australia and New Zealand, Asia, Continental Europe, United Kingdom and Americas. The Company's stapled entities include Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited. The Company's portfolio consists of approximately 190 properties located in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Perth. The Company is an investor in four property funds: Goodman Australia Industrial Partnership (GAIP), Goodman Australia Partnership (GAP), Goodman Australia Development Partnership (GADP) and KWASA-Goodman Industrial Partnership (KGIP).

Comment:

GMG is still struggling with that lucky $13 mark but indicators all still look like it has good momentum and a chance of breaking it and continuing its run. It has some good market depth on the buy side in terms of number of buyers and quantity but it is very gappy so one to watch.

Comment:

Still running nicely. Now up against a bit of resistance at $15.50.

Comment:

Goodman back up to new highs, pushing $17.