Buyers supporting price as they aim for new highs

New Buy Entry Alert MYX

Time Frame : Daily/Weekly

Sector : Pharmaceuticals/Healthcare

Key Stats : $1.38 Billion Market Cap, VWAP 0.88, ASX Ranking 204, 4 Week Av Turnover $3,135,684.

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.

 

MYX – Mayne Pharma Group Limited

MYX is holding higher levels as buyers support the action and aim for new highs. We are happy to buy on a push up through 0.915 and will hold the stop loss at 0.83. If price falls through 0.83 prior to entry, we will re-assess the alert.

 

Stock Code : MYX – Mayne Pharma Group Limited

Company Website : www.maynepharma.com

Current Price : 0.88

New Buy Entry (Trigger Level) : 0.915

Potential Sell Exit Zone (Stop Loss) : 0.83

Status : On watch for buy entry trigger