What does Aurizon Holdings Ltd do?
Aurizon Holdings Ltd [ASX:AZJ] is Australia’s largest rail freight operator, transporting more than 250 million tonnes of Australian commodities and connecting miners, primary producers, and industry with international and domestic markets.
The company also provides a range of services in rail design, engineering, construction, management and maintenance, and offers supply chain solutions to a range of customers in Australia.
That’s interesting, but what is the chart telling us?
What is the chart telling you?
I personally find it helpful to bring up a chart. Here’s the weekly chart of AZJ…
The share price was up today in early trading, taking the company briefly into all-time highs. A decisive break upwards might suggest freight volumes are increasing.
What now for AZJ shares?
We just have to wait and see if a decisive break will occur. If that should happen, it would then suggest freight volumes are increasing and would also give us an indication of commodities demand.
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Research Analyst, Cycles, Trends and Forecasts