Current Active Alert Management WES
Time Frame : Daily/Weekly
Sector : Food & Staples Retailing
WES – Wesfarmers Limited
WES is heading lower in the right direction as sellers take control to apply the pressure. We are happy to lower the stop loss level to 50.40 to lower the risk and will look for a partial exit around the 48.50 zone.
Stock Code : WES – Wesfarmers Limited
Company Website : www.wesfarmers.com.au
Current Price : 48.93
Previous Sell Entry Level (Trigger Level) : 50.35
New Buy Exit Zone (Stop Loss) : 50.40
Potential 50% Partial Exit (Target) : 48.50
Status : On watch for continuation lower and a partial exit
Previous Alert 14/10/18
WES triggered the Sell Entry Level at 50.35 as price pushed lower into the close.
The Stop Loss is held at 52.50.
Original Alert 5/9/18
New Sell Entry Alert WES
Time Frame : Daily/Weekly
Sector : Food & Staples Retailing
Key Stats : $58.37 Billion Market Cap, VWAP 50.906, ASX Ranking 7, 4 Week Av Turnover $116,690,163, Todays Current Turnover (intraday) $49,112,643, PE 48.6, Div Yield 4.33%.
Company Overview : Wesfarmers Limited (WES) is a diversified business operating supermarkets, department stores, home improvement and office supplies, resources, chemicals, energy and fertilisers, and industrials and safety products. WES is headquartered in Western Australia.
Broker Consensus : SELL
WES – Wesfarmers Limited
WES is coming under pressure after a strong run up with the ASX200 rally from the start of the year. We are now happy to sell with a push down through 50.35 and will hold the stop loss at 52.50. If price goes up through 52.50 prior to entry, we will cancel the alert and re-assess the action.
Stock Code : WES – Wesfarmers Limited
Company Website : www.wesfarmers.com.au
Current Price : 50.81
New Sell Entry Level (Trigger Level) : 50.35
Potential Buy Exit Zone (Stop Loss) : 52.50
Status : On watch for a Sell entry trigger
