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MYX Buy Entry alert is still active. Price did touch 0.61 at the time of the alert so was void and has not traded there since. Price also did trade down to 0.57 but not through the level so we are happy to keep the alert active. We are moving the entry trigger to 0.62 now just above the recent high at 0.61 and the stop loss to 0.56.
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Alert History
Original Buy Entry Alert 14/10/19
New Buy Entry Alert MYX
Time Frame : Daily
Sector : Pharmaceuticals, Biotechnology and Life Sciences
Key Stats : $932.13 Million Market Cap, VWAP 0.585, ASX Ranking 261, 4 Week Av Turnover $4,619,401, Current Turnover (Intraday as at time of alert) $552,479.
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
MYX is on the move up of longer term lows as buyers continue to hold higher levels. We are happy to buy on a push up through 0.61 and hold the stop loss at 0.57. If price falls down through 0.57 prior to entry then we will cancel the alert and re-assess the action.
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Stock Code : MYX – Mayne Pharma Group Limited
Company Website : www.maynepharma.com
Current Price : 0.595
New Buy Entry (Trigger Level) : 0.61
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 0.57
Status : On watch for Buy Entry Trigger
