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New Buy Entry Alert CLV
Time Frame : Daily
Sector : Materials/Healthcare
Key Stats : $304.35 Million Market Cap, VWAP 1.87, ASX Ranking 425, 4 Week Av Turnover $1,316,803, Current Turnover (as at 10:51am AEST) $326,443.
Company Overview : Clover Corporation Limited (CLV) is involved in the refining and sale of omega-3 oils and encapsulated bioactive ingredients for infant formula, children’s foods, supplements and medical foods. CLV operates its businesses from five sites: a headquarter in Sydney; a manufacturing plant for tuna oils and related products in Altona; a product development R&D facility, technical support and marketing in Brisbane; the finance and IT departments in Gladstone Park; and a logistic and customer service office in the UK.
Broker Consensus : BUY
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CLV – Clover Corporation Limited
CLV is set for a run higher after a major capitulation in buyers spiked price lower. We are now happy to buy on a push up through 1.95 with a Stop Loss at 1.75. If price falls below 1.75 prior to entry, we will cancel the alert and re-assess the action. This trade is an aggressive trade looking for a quick gain as the markets may still come under pressure. The early signs are good that buyers are getting involved and we expect a short term push to 2.20 and potentially beyond as long as the ASX keeps defying the bears.
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Stock Code : CLV – Clover Corporation Limited
Company Website : www.clovercorp.com.au
Current Price : 1.90
New Potential Buy Entry (Trigger Level) : 1.95
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.75
Status : On watch for Buy Entry Trigger
