$MGR - MIRVAC GROUP (MGR:ASX) - Consistent performer

$MGR - MIRVAC GROUP (MGR:ASX) - Consistent performer

Mirvac has been having a pretty good run recently. Now that the elections are over and less uncertainty it will be interesting to see if the run will continue. Buyers and demand heavily outweigh sellers and shares on offer in the trading queue but volume is weak at the moment so I'll hold off on any entry until I see more momentum come back into the stock. One to watch.

About Mirvac

Mirvac Group (MGR) is involved in the Australian development and construction industry. It has a stapled security structure, comprising Mirvac Property Trust (MPT) and Mirvac Limited. They create, own and manage a diverse portfolio of assets across the office, retail, industrial and residential sectors.

Comment:

Mirvac is giving the $3.40 resistance area another nudge. Looks interesting indicator wise.