Potential Buy Entry Alert to Watch LYC

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $1.39 Billion Market Cap, VWAP 2.09, ASX Ranking 195, 4 Week Av Turnover $14,081,487, Current Turnover (Intraday as at time of alert) $8,354,818.

Company Overview : Lynas Corporation Limited (LYC) is an integrated source of rare earths from mine to customer. Lynas has a portfolio of aligned assets to explore, develop, mine and process rare earth minerals. These assets are Mt Weld and Lynas Advanced Materials Plant (LAMP). LYC’s main asset is Mt Weld rare earths deposit in Western Australia.

Broker Consensus : BUY

LYC – Lynas Corporation Limited

LYC is holding up well considering the market today, showing signs that buyers are supporting higher levels. We are now watching the action for further confirmation that buyers are in control and making a run for the highs. Of course a lot will depend on the ASX200 and sentiment but one for the watchlist for now.

Stock Code : LYC – Lynas Corporation Limited

Company Website : www.lynascorp.com

Current Price : 2.10

Status : On watch for buy entry setup