Buyers step up the pressure to trigger the Buy Entry Level

Buyers step up the pressure on NCM to trigger the buy entry level at 25.40 so the alert is now active. The Stop Loss is held at 23.75 and the current price is 25.39.

Alert History

Original Alert 21/03/19

New Buy Entry Alert NCM

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $19.21 Billion Market Cap, VWAP 25.114, ASX Ranking 18, 4 Week Av Turnover $76,909,436, Current Turnover (Intraday as at time of alert) $35,054,263, PE Ratio 39.7, Div Yield 1.02%.

Company Overview : Newcrest Mining Limited (NCM) is a gold producer with its portfolio located in Australia, the Pacific region, Asia and Africa. Newcrest has interests in six production provinces in four countries and a portfolio of brown and greenfield exploration projects. Group Mineral Resources are estimated at 120Moz Au, 19Mt Cu and 94Moz Ag, and reserves are 62Moz Au, 10Mt Cu and 37Moz Ag.

Broker Consensus : BUY/HOLD

NCM – Newcrest Mining Limited

NCM buyers are on the move out of some long term consolidation so looking for a big move up. We are happy to buy on a push up through 25.40 and will hold a stop loss at 23.75. If price pushes down through 23.75 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : NCM – Newcrest Mining Limited

Company Website : www.newcrest.com.au

Current Price : 25.25

New Potential Buy Entry (Trigger Level) : 25.40

Potential Sell Exit Zone (Stop Loss) : 23.75

Status : On watch for buy entry trigger