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Potential Buy Entry Alert to Watch IMD
Time Frame : Daily
Sector : Materials/Basic Materials
Key Stats : $454.59 Million Market Cap, VWAP 1.20, ASX Ranking 374, 4 Week Av Turnover $1,257,359, Current Turnover (Intraday as at time of alert) $2,024,128, PE 18.5, Div Yield 0.67%.
Company Overview : Imdex Limited (IMD) is a provider of drilling fluid products, advance downhole instrumentation, data solutions and geo-analytics services to exploration, development and production companies in the minerals and oil and gas sectors worldwide.
Broker Consensus : Not covered by a major broker
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IMD – Imdex Limited
IMD has been consolidating for the past year but buyers are starting to build as we see volume pick up. There is still a lot of work to do but if we see a higher low build, then we may expect to see a strong run higher. Patients is the key now as we wait for the buy entry setup.
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Stock Code : IMD – Imdex Limited
Company Website : www.imdexlimited.com
Current Price : 1.20
Status : On watch for potential higher low and push up through 1.40
