Buyers step up the pressure to push price higher

Buyers take price higher on WOR to trigger the Buy Exit Zone at 15.10 so the Alert is now closed.

Alert History

Previous Alert 26/03/19

Current Active Alert Trade Management WOR

Time Frame : Daily/Weekly

Sector : Energy

Broker Consensus : BUY

WOR – Worley Parsons Limited

WOR is back on the move lower after a minor rally and clean out of some sellers. We are now watching price for further weakness through 13.70 potentially towards the 11.00 level. Happy to lower the risk to 15.10 and sit back and watch the action for a partial exit opportunity.

Stock Code : WOR – Worley Parsons Limited

Company Website : www.worleyparsons.com

Current Price : 14.03

Previous Sell Entry (Trigger Level) : 14.48

New Buy Exit Zone (Stop Loss) : 15.10

Status : On watch for continuation lower

Original Alert 26/02/19

New Sell Entry Alert WOR

Time Frame : Daily/Weekly

Sector : Energy

Key Stats : $6.99 Billion Market Cap, VWAP 14.698, ASX Ranking 61, 4 Week Av Turnover $21,915,025, Current Turnover (Intraday as at time of alert) $9,725,527, PE 32.6, Div Yield 1.81%.

Company Overview : WorleyParsons Limited (WOR) delivers projects, provides expertise in engineering, procurement and construction and offers a range of consulting and advisory services to the hydrocarbons, mineral, metals, chemicals and infrastructure sectors.

Broker Consensus : BUY

WOR – Worley Parsons Limited

WOR recently bounced off lows around 11.00 but is again coming under selling pressure in a tentative market. We are now watching for a sell on a push down through 14.48 and will hold the stop loss at 15.33. If price rallies up through 15.33 prior to the entry then we will re-assess the action.

Stock Code : WOR – Worley Parsons Limited

Company Website : www.worleyparsons.com

Current Price : 14.55

New Potential Sell Entry (Trigger Level) : 14.48

Potential Buy Exit Zone (Stop Loss) : 15.33

Status : On watch for Sell entry trigger