Buyers are consolidating the lows and building for a move up

Potential Buy Entry Alert to Watch BWX

Time Frame : Daily/Weekly

Sector : Household & Personal Products

Key Stats : $291.99 Million Market Cap, VWAP 2.406, ASX Ranking 466, 4 Week Av Turnover $534,302, Current Turnover (Intraday as at time of alert) $408,133, PE 16.9, Div Yield 1.79%.

Company Overview : BWX Limited (BWX) is a developer, manufacturer distributor and marketer of branded skin and hair care products with an emphasis on the natural segment of the beauty and personal care market. The company owns, produces and distributes under the Sukin, Derma Sukin, USpa, Andalou Naturals, Mineral Fusion and Nourished Life brands.

Broker Consensus : HOLD

BWX – BWX Limited

BWX has spent the year consolidating the lows after the move down off highs around 8.00. We see the potential for buyers to get active and start the move up off the lows but we will be watching for an increase in the volume to support the move. Price will need to put in some work to push up through 2.60 and then build the higher low to gain the momentum for the move. Watching this closely as price is stretched but holding up well under ASX200 pressure.

Stock Code : BWX – BWX Limited

Company Website : www.bwxltd.com

Current Price : 2.44

Status : On watch for potential higher low and push up through 3.00