Today IRE made a technical break above the downtrend line and a close above $6.45 on rising volume (which both seem viable with an hour left to trade) means this stock is set to go higher from a technical point of view.
From a fundamental point of view, its paying 5.85% dividend at current prices, is often touted as being a takeover target by the ASX, and is set to increase revenue as our market rallies and trading volumes increase.
DYOR
I hold IRE
IRE Price at posting:
$6.35 Sentiment: LT Buy Disclosure: Held