Buyers hold higher levels as the action heats up and builds for a run higher

Potential Buy Entry Alert to Watch EHL

Time Frame : Daily

Sector : Capital Good/Industrials

Key Stats : $711.07 Million Market Cap, VWAP 2.144, ASX Ranking 297, 4 Week Av Turnover $3,273,653, Current Turnover (Intraday as at time of alert) $1,921,801.

Company Overview : Emeco Holdings limited (EHL) supplies safe, reliable and maintained equipment rental solutions to the earthmoving industry. The Group also supplies external maintenance and component rebuild services for earthmoving equipment and offers EOS, an equipment productivity and management tool, to its customers. The operations of the Group include Australian rental and Workshops.

Broker Consensus : BUY

EHL – Emeco Holdings Limited

EHL is showing some very nice action after a recent positive operating update and FY19 guidance drags in buyers. We see price holding above the 2.00 level after the the company expects earnings to be up 40% from FY18. We are now watching for a minor higher low to hold as buyers show their hands with increased volume.

Stock Code : EHL – Emeco Holdings Limited

Company Website : www.emecogroup.com

Current Price : 2.18

Status : On watch for potential higher low and push up through 2.30