Buyer lift a gear as price kicks higher so time to lock away some gains

Current Active Alert Management PNV

Time Frame : Daily/Weekly

Sector : Health Care Equipment and Services

PNV – Polynovo Limited

PNV kicked off nicely yesterday with great follow through today as price heads higher and buyers pick up a gear. We are now happy to take a partial exit and lock away some gains at 1.85. Also raising the stop loss to 1.60 from 1.45 to tighten up the risk into the weekend.

Stock Code : PNV – Polynovo Limited

Company Website : www.polynovo.com.au

Current Price : 1.76

Previous Buy Entry (Trigger Level) : 1.675

New Sell Exit Zone (Stop Loss) : 1.60

Potential 50% Partial Exit Zone (Partial Target) : 1.85

Status : On watch for a partial exit

Alert History

Previous Alert 22/08/19

Buyers continue to lift price to trigger the Buy Entry Level at 1.675 so the alert is now active. The Stop Loss is held at 1.45 for now and the current price is trading at 1.69.

Original Alert 22/08/19

New Buy Entry Alert PNV

Time Frame : Daily/Weekly

Sector : Health Care Equipment and Services

Key Stats : $1.05 Billion Market Cap, VWAP 1.60, ASX Ranking 236, 4 Week Av Turnover $3,851,994, Current Turnover (Intraday as at time of alert) $1,837,811.

Company Overview : Polynovo Limited (PNV, formerly Calzada Limited) is an Australian based medical device company that designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb biodegradable polymer technology. Their development program covers Breast Sling, Hernia, and Orthopedic applications.

Broker Consensus : BUY

PNV – Polynovo Limited

PNV came out with some very good results today to show growth in sales and earnings which saw buyers lift price higher. We expect to see some flow on effect in the coming days as longer term buyers process the news and expect the company to be cash flow positive in 2-3 years. Add to that the expected regulatory approval in the EU in the near future, we expect to see price supported. Happy to buy at 1.675 with a Stop Loss at 1.45. If price falls below 1.45 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : PNV – Polynovo Limited

Company Website : www.polynovo.com.au

Current Price : 1.635

New Potential Buy Entry (Trigger Level) : 1.675

Potential Sell Exit Zone (Stop Loss) : 1.45

Status : On watch for Buy Entry Trigger