Buyers have soaked up the selling pressure and building the move up

Potential Buy Entry Alert BXB

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $16.84 Billion Market Cap, VWAP 10.554, ASX Ranking 822, 4 Week Av Turnover $44,438,369, Current Turnover (Intraday as at time of alert) $4,167,403, PE Ratio 16.6, Div Yield 2.74%.

Company Overview : Brambles Limited (BXB) is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands. BXB specializes in the pooling of unit-load equipment and the provision of associated services. BXB is focusing on the outsourced management of returnable pallets, crates and containers.

Broker Consensus : HOLD

 

BXB – Brambles Limited

BXB recently contracted off the highs around 13.75 and then found buying support at 9.00. We like the push up off support and are now in search of minor higher lows to confirm that the buyers are committed to a move higher. Once we see the action play out then its all about the entry.

 

Stock Code : BXB – Brambles Limited

Company Website : www.brambles.com

Current Price : 10.55

Status : On watch for buy entry setup