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Potential Buy Entry Alert to Watch A2M
Time Frame : Daily/Weekly
Sector : Food, Beverage and Tabacco
Key Stats : $8.52 Billion Market Cap, VWAP 11.616, ASX Ranking 451, 4 Week Av Turnover $28,641,678, Current Turnover (Intraday as at time of alert) $21,136,918.
Company Overview : The A2 Milk Company Limited (A2M) is engaged in the commercialisation of intellectual property relating to a2 brand milk and related products in New Zealand, Australia, and the United Kingdom. A2M also sources, produces and supplies a2 brand milk and milk related products in Australia. The product comprises of Liquid Milk, Infant Formula and other dairy products which include Cream and Yoghurt.
Broker Consensus : Not Covered by a major broker
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A2M – The A2 Milk Company Limited
A2M has been correcting off the highs for the past year and now maybe building for a push to new highs. Buyers have laid the groundwork with a push up to 12.00 so we are now watching for a longer term higher low to build and drag in some further buyers for the rush up.
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Stock Code : A2M – The A2 Milk Company Limited
Company Website : www.thea2milkcompany.com
Current Price : 11.58
Status : On watch for potential major higher low
