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Potential Buy Entry Alert to Watch MYX
Time Frame : Daily/Weekly
Sector : Pharmaceuticals and Healthcare
Key Stats : $1.16 Billion Market Cap, VWAP 0.73, ASX Ranking 216, 4 Week Av Turnover $4,034,725, Current Turnover (Intraday as at time of alert) $603,663, PE 24.8.
Company Overview : Mayne Pharma Group Limited (MYX) is a pharmaceutical company that develops and manufactures branded and generic products, which it distributes directly or through distribution partners in Australia, USA, Europe and Asia. Mayne Pharma has two drug development and manufacturing facilities based in Salisbury, Australia and Greenville, NC, USA.
Broker Consensus : HOLD
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MYX – Mayne Pharma Group Limited
Price recently pushed down to major support around 0.60 where it has bounced with buyers stepping into the action looking for a bargain. It is early stages yet but the long term buyers are starting to build so we are now watching for a kick up followed by a higher low for the buy entry setup.
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Stock Code : MYX – Mayne Pharma Group Limited
Company Website : www.maynepharma.com
Current Price : 0.735
Status : On watch for potential higher low and move through 0.90
