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Potential Buy Entry Alert to Watch BBN
Time Frame : Daily
Sector : Retailing, Consumer Cyclical
Key Stats : $441.37 Million Market Cap, VWAP 3.43, ASX Ranking 413, 4 Week Av Turnover $802,453, Current Turnover Intraday $289,044 (1:04pm AEDT).
Company Overview : Baby Bunting (BBN) has retail stores and an online store of baby goods. They primarily cater to parents with children from newborn to three years of age and parents to-be. The company operates a network of 52 national superstores and 11000sqm warehouse in Melbourne, Australia. With over 6,000 lines, we provide parents with the greatest range in Prams, Car Seats, Carriers, Furniture, Nursery, Safety, Babywear, Manchester, Changing, Toys and Feeding.
Broker Consensus : BUY
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BBN – Baby Bunting Group Limited
BBN is showing some good signs that buyers are happy to put in the groundwork to hold a higher level. We see a washout then higher low around 3.10 which is a good sign that buyers are interested. Price still has some work to do to prove itself so we are watching for a higher low to hold around the 3.30 market that will bring in further volume for the push through 3.60 to 4.00.
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Stock Code : BBN – Baby Bunting Group Limited
Company Website : www.babybuntingcorporate.com.au
Current Price : 3.45
Status : On watch for potential higher low and push up through 3.60
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