Buyers lined up and ready for a new leg higher

Potential Buy Entry Alert to Watch EOS

Time Frame : Daily

Sector : Capital Goods/Industrials

Key Stats : $363.27 Million Market Cap, VWAP 3.813, ASX Ranking 411, 4 Week Av Turnover $1,206,817, Current Turnover (Intraday as at time of alert) $233.724

Company Overview : Electro Optic Systems Holdings Limited (EOS) is an Australian technology company that operates in the Aerospace and Defence Markets. EOS focuses on development, manufacture and sale of telescopes and dome enclosures, laser satellite tracking systems and the manufacture of electro optic fire control systems. EOS operates in Australia, USA, Singapore and Germany.

Broker Consensus : Not covered by a major broker

EOS – Electro Optic Systems Holdings Limited

EOS has been on a good rally since recent market updates show solid growth for the company. We see the price is in a prime position now for the rally to continue through 4.40 so we are now watching for a minor higher low to hold as evidence that buyers are gunning for new highs.

Stock Code : EOS – Electro Optic Systems Holdings Limited

Company Website : www.eos-aus.com

Current Price : 3.84

Status : On watch for potential higher low and push up through 4.40