Buyers stepping into the action today so time to jump on board

New Buy Entry Alert SHV

Time Frame : Daily

Sector : Agricultural Products

Key Stats :  $599.55 Million Market Cap, VWAP 6.329, ASX Ranking 315, 4 Week Av Turnover $1,850,203, Current Turnover (Intraday as at time of alert) $281,051, PE 27.1, Div Yield 1.91%.

Company Overview : Select Harvests Limited (SHV) is an almond producer which grows, processes, packages, sells and distributes almond from its almond orchards. SHV is also a manufacturer and marketer of edible nuts, dried fruits, seeds, and a range of natural health foods to the Australian, Asia, Europe and the Middle East retail and industrial markets. SHV provides a management services to external owners of almond orchards.

Broker Consensus : HOLD

SHV – Select Harvests Limited

SHV is showing strength today as buyers push price up out of contraction looking to attack the highs. We are happy to buy on a push up through 6.52 and will hold the stop loss at 6.15. If price pushes below the 6.15 prior to entry, then cancel the alert and we will re-assess the action.

Stock Code : SHV – Select Harvests Limited

Company Website : www.selectharvests.com.au

Current Price : 6.44

New Buy Entry (Trigger Level) : 6.52

Potential Sell Exit Zone (Stop Loss) : 6.15

Status : On watch for Buy Entry Trigger