Price gaps up strong so time to lock in remaining gains

MYX gaps up on solid 2nd half 2018 earnings so time to happy to take the remaining gains above 1.25 and close the alert.

 


Previous Alert 23/8/18

Current Active Alert Management MYX

 

MYX – Mayne Pharma Group Limited

MYX is up at resistance with buyers pushing the envelope in a overstretched environment. We are happy now to lock in gains at 1.00 for a 50% partial exit. Happy to hold the remaining stop loss at 0.875.

 

Stock Code : MYX – Mayne Pharma Group Limited

Company Website : www.maynepharma.com

Current Price : 0.997

Previous Buy Entry (Trigger Level) : 0.915

Sell Exit Zone (Stop Loss) : 0.875

Potential 50% Partial Exit Zone (Target) : 1.00

Status : On watch for continuation higher

 

 


Previous Alert 27/7/18

Current Active Alert Management MYX

 

MYX – Mayne Pharma Group Limited

MYX is breaking higher and looking very strong as buyers work their magic. We are happy to look for a partial exit zone at 1.05 to lock in some gains and will raise the stop loss level to 0.875.

 

Stock Code : MYX – Mayne Pharma Group Limited

Company Website : www.maynepharma.com

Current Price : 0.985

Previous Buy Entry (Trigger Level) : 0.915

New Sell Exit Zone (Stop Loss) : 0.875

Potential 50% Partial Exit Zone (Target) : 1.05

Status : On watch for buy entry trigger

 

 


Original Alert 16/7/18

New Buy Entry Alert MYX

Time Frame : Daily/Weekly

Sector : Pharmaceuticals/Healthcare

Key Stats : $1.38 Billion Market Cap, VWAP 0.88, ASX Ranking 204, 4 Week Av Turnover $3,135,684.

Company Overview : Mayne Pharma Group Limited (MYX) is a pharmaceutical company that develops and manufactures branded and generic products, which it distributes directly or through distribution partners in Australia, USA, Europe and Asia. Mayne Pharma has two drug development and manufacturing facilities based in Salisbury, Australia and Greenville, NC, USA.

 

MYX – Mayne Pharma Group Limited

MYX is holding higher levels as buyers support the action and aim for new highs. We are happy to buy on a push up through 0.915 and will hold the stop loss at 0.83. If price falls through 0.83 prior to entry, we will re-assess the alert.

 

Stock Code : MYX – Mayne Pharma Group Limited

Company Website : www.maynepharma.com

Current Price : 0.88

New Buy Entry (Trigger Level) : 0.915

Potential Sell Exit Zone (Stop Loss) : 0.83

Status : On watch for a partial exit and continuation higher