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Potential Buy Entry Alert to Watch CDA
Time Frame : Daily/Weekly
Sector : Technology, Hardware and Equipment
Key Stats : $567.91 Million Market Cap, VWAP 3.134, ASX Ranking 328, 4 Week Av Turnover $111,844, Current Turnover (Intraday as at time of alert) $298.
Company Overview : Codan Limited (CDA) designs and manufactures a range of electronic products and associated software to governments, businesses, aid & humanitarians and customer markets. CDA has manufacturing and corporate offices in Australia and Canada, with overseas representative offices in USA, UK, Ireland, China, United Arab Emirates and India. CDA’s three main products are Radio Communication Products, Metal Detection Products, and Tracking Solutions.
Broker Consensus : No Coverage from Major Broker
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CDA – Codan Limited
CDA may be a bit of a sleeper as buyers march price higher. We can see that the recent volume is light but the price action is positive as higher levels are held. We are now watching for a higher low to build on a minor pullback and the the entry to play out for a move to new highs.
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Stock Code : CDA – Codan Limited
Company Website : www.codan.com.au
Current Price : 3.17
Status : On watch for potential higher low and move through 3.40 highs
