May 17, 2019
Time Frame : Daily/Weekly
Sector : Software and Services
Key Stats : $12.97 Billion Market Cap, VWAP 64.771, ASX Ranking 33, 4 Week Av Turnover $18,590,338, Current Turnover (Intraday as at time of alert) $7,819,171, PE 32.3, 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 : BUY/HOLD
RHC is holding higher levels as buyers step up the pressure. Price has lifted along with the ASX since the start of the year and has spent the last few months consolidating the highs above 62.50. We are looking to get involved in a new leg higher for continuation up to 70.00 and higher. We are happy to buy on a push up through 65.10 and will hold a stop loss at 62.50. If price pushes down through 62.50 prior to entry, then happy to cancel the alert and re-assess the action.
Stock Code : RHC – Ramsay Health Care Limited
Company Website : www.ramsayhealth.com.au
Current Price : 64.50
Status : On watch for buy entry trigger
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