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AAC pushed lower through 1.085 so the alert is now Cancelled. We will watch to see if buyers come back into the action to re-assess the alert.
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Alert History
Original Entry Alert 9/01/20
New Buy Entry Alert AAC
Time Frame : Daily/Weekly
Sector : Food, Beverage and Tabacco
Key Stats : $663.04 Million Market Cap, VWAP 1.10, ASX Ranking 333, 4 Week Av Turnover $240,727, Current Turnover (Intraday as at 1:15pm) $416,335.
Company Overview : Australian Agricultural Company Limited (AAC) is an Australian beef company with a heritage dating back to 1824. The Company is Australia’s largest integrated cattle and beef producer and is the oldest continuously operating company in Australia.
Broker Consensus : BUY
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AAC – Australian Agricultural Company Limited
AAC is showing some strong signs that price will hold a higher level and buyers will march price up through the 1.20 zone. We are now happy to buy on a push up through 1.125 with a Stop Loss at 1.085. If price falls below 1.085 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : AAC – Australian Agricultural Company Limited
Company Website : www.aaco.com.au
Current Price : 1.11
New Potential Buy Entry (Trigger Level) : 1.125
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.085
Status : On watch for Buy Entry Trigger
