Buyers on the match looking to pump price so cancelling alert for now

The Match on SHV is currently showing 6.68 so we are happy to cancel the Alert and re-assess in the morning.

New Buy Entry Alert SHV

Time Frame : Daily

Sector : Agricultural Products

Key Stats :  $599.55 Million Market Cap, VWAP 6.329, ASX Ranking 315, 4 Week Av Turnover $1,850,203, Current Turnover (Intraday as at time of alert) $281,051, PE 27.1, Div Yield 1.91%.

Company Overview : Select Harvests Limited (SHV) is an almond producer which grows, processes, packages, sells and distributes almond from its almond orchards. SHV is also a manufacturer and marketer of edible nuts, dried fruits, seeds, and a range of natural health foods to the Australian, Asia, Europe and the Middle East retail and industrial markets. SHV provides a management services to external owners of almond orchards.

Broker Consensus : HOLD

SHV – Select Harvests Limited

SHV is showing strength today as buyers push price up out of contraction looking to attack the highs. We are happy to buy on a push up through 6.52 and will hold the stop loss at 6.15. If price pushes below the 6.15 prior to entry, then cancel the alert and we will re-assess the action.

Stock Code : SHV – Select Harvests Limited

Company Website : www.selectharvests.com.au

Current Price : 6.44

New Buy Entry (Trigger Level) : 6.52

Potential Sell Exit Zone (Stop Loss) : 6.15

Status : On watch for Buy Entry Trigger