Buyers defending higher levels so watching for the entry setup

Potential Buy Entry Alert to Watch SHV

 

Time Frame : Daily/Weekly

Sector : Food Beverage and Tabacco

Key Stats : $525.09 Million Market Cap, VWAP 5.652, ASX Ranking 339, 4 Week Av Turnover $458,269, Current Turnover (Intraday as at time of alert) $816,491, PE Ratio 23.7, Div Yield 2.18%.

Company Overview : Select Harvests Limited (SHV) is an almond producer which grows, processes, packages, sells and distributes almond from its almond orchards. SHV is also a manufacturer and marketer of edible nuts, dried fruits, seeds, and a range of natural health foods to the Australian, Asia, Europe and the Middle East retail and industrial markets. SHV provides a management services to external owners of almond orchards.

Broker Consensus : HOLD

 

SHV – Select Harvests Limited

SHV is showing some strong early signs that a line has been drawn in the sand from the buyers. Buyers are seeming happy to build minor higher lows above 5.00 so we are now watching for more action and a major higher low for the entry and to jump on board for a move up to 7.50 then potentially 13.00…but we will see.

 

Stock Code : SHV – Select Harvests Limited

Company Website : www.selectharvests.com.au

Current Price : 5.65

Status : On watch for buy entry setup