Cancelled alert on BKL as price grinds lower.

We have been knocked out of a BKL alert for the second time running and will again re-assess the price action from the sidelines.

Original Alert 29/7/18

New Buy Entry Alert BKL

Time Frame : Daily/Weekly

Sector : Healthcare

Key Stats : $2.41 Billion Market Cap, VWAP 141.961, ASX Ranking 145, PE Ratio 38.0, Div Yield 2.03%, 4 Week Av Turnover $9,878,250.

Company Overview : Blackmores Limited (BKL) is natural health company engaged in development, and sales and marketing of health products for humans and animals. It combines traditional naturopathic expertise with scientific research. Their products include vitamins, herbal and mineral nutritional supplements. Products are distributed through retail pharmacies, supermarkets, health food stores, mass merchants and distributors. BKL operates in Australia, New Zealand and Asia.

BLK – Blackmores Limited

Second time lucky on BKL as price rejects the lows and buyers continue to step in to the action. We are now happy to buy on a push up through 145.75 and hold the stop loss at 138.00. If price falls to 138.00 prior to entry then we will re-assess the alert.

Stock Code : BKL – Blackmores Limited

Company Website : www.blackmores.com.au

Current Price : 142.34

New Buy Entry (Trigger Level) : 145.75

Potential Sell Exit Zone (Stop Loss) : 138.00

Status : On watch for buy entry trigger