Potential Buy Entry Alert CLV

Time Frame : Daily

Sector : Materials/Healthcare

Key Stats : $239.51 Million Market Cap, VWAP 1.455, ASX Ranking 499, 4 Week Av Turnover $415,166, Current Turnover (Intraday as at time of alert) $462,902, PE 31.6, Div Yield 1.21%.

Company Overview : Clover Corporation Limited (CLV) is involved in the refining and sale of omega-3 oils and encapsulated bioactive ingredients for infant formula, children’s foods, supplements and medical foods. CLV operates its businesses from five sites: a headquarter in Sydney; a manufacturing plant for tuna oils and related products in Altona; a product development R&D facility, technical support and marketing in Brisbane; the finance and IT departments in Gladstone Park; and a logistic and customer service office in the UK.

Broker Consensus : BUY

CLV – Clover Corporation Limited

CLV has been consistently rejecting the 1.30 level as buyers continue to edge in to the action. We are now watching for evidence that buyers are happy to increase the pressure and build a higher low for the entry. Once we see the setup, expect to see some strong buying come in as traders on the sidelines look to get on board

Stock Code : CLV – Clover Corporation Limited

Company Website : www.clovercorp.com.au

Current Price : 1.45

Status : On watch for buy entry setup