Buyers take control to close price higher and trigger the buy entry level

BXB pushes higher into the close to trigger the Buy Entry Level at 10.81 so the alert is now active.

The Stop Loss is held at 10.18.

 


Original Entry Alert 12/11/18

New Buy Entry Alert BXB

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $16.83 Billion Market Cap, VWAP 10.668, ASX Ranking 20, 4 Week Av Turnover $38,956,718, Current Turnover (Intraday as at time of alert) $7,116,902, PE Ratio 16.6, Div Yield 2.75%.

Company Overview : Brambles Limited (BXB) is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands. BXB specializes in the pooling of unit-load equipment and the provision of associated services. BXB is focusing on the outsourced management of returnable pallets, crates and containers.

Broker Consensus : HOLD

 

BXB – Brambles Limited

BXB is finding support and having a strong day as the buyers move price higher. We are happy to buy on a push up through 10.81 and will hold the stop loss at 10.18. If price falls down through 10.18 prior to entry, cancel the alert and re-assess the action.

 

Stock Code : BXB – Brambles Limited

Company Website : www.brambles.com

Current Price : 10.735

New Buy Entry Level (Trigger Level) : 10.81

Potential Sell Exit Zone (Stop Loss) : 10.18

Status : On watch for a Buy entry trigger

 


Previous Alert 9/11/18

Potential Buy Entry Alert BXB

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services/Industrials

Key Stats : $17 Billion Market Cap, VWAP 10.585, ASX Ranking 20, 4 Week Av Turnover $42,090,270, Current Turnover (Intraday as at time of alert) $7,116,902, PE Ratio 16.8, Div Yield 2.72%.

Company Overview : Brambles Limited (BXB) is a supply-chain logistics company operating in more than 50 countries, primarily through the CHEP and IFCO brands. BXB specializes in the pooling of unit-load equipment and the provision of associated services. BXB is focusing on the outsourced management of returnable pallets, crates and containers.

Broker Consensus : HOLD

 

BXB – Brambles Limited

BXB is holding up nicely since the below alert as buyers defend the 10.20 support area. We are now watching for further buying pressure and a rally to build the higher low and then the buy entry setup.

 

Stock Code : BXB – Brambles Limited

Company Website : www.brambles.com

Current Price : 10.59

Status : On watch for buy entry setup