Buyers are holding higher levels and ready to ramp price higher

New Buy Entry Alert MYX

Time Frame : Daily

Sector : Pharmaceuticals, Biotechnology and Life Sciences

Key Stats : $932.13 Million Market Cap, VWAP 0.585, ASX Ranking 261, 4 Week Av Turnover $4,619,401, Current Turnover (Intraday as at time of alert) $552,479.

Company Overview : Mayne Pharma Group Limited (MYX) is a pharmaceutical company that develops and manufactures branded and generic products, which it distributes directly or through distribution partners in Australia, USA, Europe and Asia. Mayne Pharma has two drug development and manufacturing facilities based in Salisbury, Australia and Greenville, NC, USA.

Broker Consensus : HOLD

MYX – Mayne Pharma Group Limited

MYX is on the move up of longer term lows as buyers continue to hold higher levels. We are happy to buy on a push up through 0.61 and hold the stop loss at 0.57. If price falls down through 0.57 prior to entry then we will cancel the alert and re-assess the action.

Stock Code : MYX – Mayne Pharma Group Limited

Company Website : www.maynepharma.com

Current Price : 0.595

New Buy Entry (Trigger Level) : 0.61

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 0.57

Status : On watch for Buy Entry Trigger