Have the bulls gone into hiding or bears starting for the move lower

Potential Sell Entry Alert to Watch CSR

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $1.97 Billion Market Cap, VWAP 3.962, ASX Ranking 166, 4 Week Av Turnover $8,240,658, Current Turnover (Intraday as at time of alert) $1,226,591, PE 25.5, Div Yield 6.57%.

Company Overview : CSR Limited (CSR) manufactures and supplies building products in Australia and New Zealand. In Australia, CSR hold interest in the smelting of aluminium through its 70% interest in Gove Aluminium Finance Limited, which owns 36.05% of the Tomago aluminium smelter located near Newcastle, NSW.

Broker Consensus : SELL

CSR – CSR Limited

CSR is holding below the 4.00 zone as sellers pressure price. This could be due to the bulls going into hiding or bears ready to push the action lower through 3.80 and below. Volume has disappeared on the move up off 3.70 suggesting a lack of interest. Watching now for the potential for volumes to pick up and a lower high to build.

Stock Code : CSR – CSR Limited

Company Website : www.csr.com.au

Current Price : 3.965

Status : On watch for potential lower high and push below 3.80