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Potential Buy Entry Alert to Watch PME
Time Frame : Daily
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PME – Pro Medicus Limited
PME has recently held a higher low since the previous alert below, showing some good signs that buyers are starting to stack up. PME is due to report on the 13th so we expect that its in a prime position for some positive results to support price and start the march to the highs. With the Healthcare sector strong, we expect PME is on investors radar after a near 50% fall from the highs. Buyers will need to continue to support price and attack the 27.00 zone for confirmation that a run higher is under way.
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Stock Code : PME – Pro Medicus Limited
Company Website : www.promedicus.com.au
Current Price : 26.09
Status : On watch for potential higher low and push up through 28.00
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Alert History
Previous Alert 16/01/20
Potential Buy Entry Alert to Watch PME
Time Frame : Daily
Sector : Healthcare Equipment and Services
Key Stats : $2.65 Billion Market Cap, VWAP 26.24, ASX Ranking 143, 4 Week Av Turnover $8,009252, Current Turnover Intraday $5,941,550 (12:01pm AEDT).
Company Overview : Pro Medicus Limited (PME) is a provides healthcare imaging software and services to hospitals, diagnostic imaging groups and other health related entities in Australia, North America and Europe.
Broker Consensus : HOLD
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PME – Pro Medicus Limited
PME recently corrected off its all time highs around 38.00 and now looks set to build a higher low for a charge back to test and potentially break to new highs. We are now watching to see if price can pullback to support a higher level on increased volume to setup the buy entry for us to jump on board.
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Stock Code : PME – Pro Medicus Limited
Company Website : www.promedicus.com.au
Current Price : 26.09
Status : On watch for potential higher low and push up through 28.00
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