Buyers are consolidating highs and may be starting the march to new highs

Potential Buy Entry Alert to Watch RHC

Time Frame : Daily/Weekly

Sector : Healthcare Equipment and Services

Key Stats : $12.99 Billion Market Cap, VWAP 64.431, ASX Ranking 32, 4 Week Av Turnover $19,655,518, Current Turnover (Intraday as at time of alert) $2,059,296, PE 32.4, Div Yield 2.28%.

Company Overview : Ramsay Health Care Limited (RHC) is a global hospital group that operates 221 hospitals and 14 day surgery centres, treatment facilities, rehabilitation and psychiatric units and a nursing college across Australia, United Kingdom, France, Indonesia, Malaysia and Italy. Ramsay Health Care facilities cater for a range of health care needs from day surgery procedures to complex surgery, as well as psychiatric care and rehabilitation.

Broker Consensus : HOLD


RHC – Ramsay Health Care Limited

RHC is consolidating highs above 62.00 as buyers soak up recent selling pressure. We see that the action still has some work to do to drag in further buyers to push price up to the highs so we will be watching this for higher lows below 66.00 for evidence that we are on the right track.

Stock Code : RHC – Ramsay Health Care Limited

Company Website : www.ramsayhealth.com.au

Current Price : 65.12

Status : On watch for potential higher low and move through 66.00