A positive new release sees buyers step up the pressure

New Buy Entry Alert CCL

Time Frame : Daily/Weekly

Sector : Food and Beverage

Key Stats : $6.78 Billion Market Cap, VWAP 9.486, ASX Ranking 64, 4 Week Av Turnover $17,742,689, Current Turnover (Intraday as at time of alert) $6,548,877, PE 24.3, Div Yield 5.02%.

Company Overview : Coca-Cola Amatil Limited (CCL) manufactures and distributes carbonated soft drinks, water, sports and energy drinks, fruit juice, flavoured milk, coffee and packaged ready-to-eat fruit and vegetable products. CCL is the principal Coca-Cola licensee in Australia and independently manufactures its own soft drinks and mineral waters. CCL sells and distributes the premium spirits portfolio of Beam Global Spirits & Wines. CCL also operates in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea and Samoa.

Broker Consensus : HOLD/SELL

CCL – Coca-Cola Amatil Limited

CCL is holding a higher low after buyers step up the pressure today from the open. We are happy to buy on a push up through 9.60 and will hold a stop loss at 9.30. If price pushes down through 9.60 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : CCL – Coca-Cola Amatil Limited

Company Website : www.ccamatil.com

Current Price : 9.53

New Potential Buy Entry (Trigger Level) : 9.60

Potential Sell Exit Zone (Stop Loss) : 9.30

Status : On watch for buy entry trigger