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Potential Buy Entry Alert to Watch CAJ
Time Frame : Daily/Weekly
Sector : Transportation/Industrials
Key Stats : $232.59 Million Market Cap, VWAP 0.29, ASX Ranking 539, 4 Week Av Turnover $1,403,073, Current Turnover Intraday $39,127 (10:54am AEDT), PE 12.8, Div Yield 3.33%.
Company Overview : Capitol Health Limited (CAJ) provides diagnostic imaging and related services to the Australian healthcare market. It is headquartered in Melbourne, Victoria. The Company owns and operates clinics throughout Victoria, Tasmania, and Western Australia. The Company’s operational focus is on delivering a community-based infrastructure for radiologists and related medical practitioners to deliver optimal, efficient, accurate healthcare service outcomes for patients.
Broker Consensus : BUY
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CAJ – Capitol Health Limited
CAJ is one stock that is showing some good signs under the weight of the selling pressure into the ASX200. We expect to see a rally contained if the market continues to head south but any bounce on the ASX will bring the stock to life. Price is holding up nicely with increased volume but buyers are in no hurry just yet. Watching now for a pullback to be met with further buying and a higher low to build the entry setup.
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Stock Code : CAJ – Capitol Health Limited
Company Website : www.capitolhealth.com.au
Current Price : 0.29
Status : On watch for potential higher low and push up through 0.35
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