Price is finding buyers building for a run into new highs

Potential Buy Entry Alert SHL

 

Time Frame : Daily/Weekly

Sector : Healthcare

Key Stats : $10.78 Billion Market Cap, VWAP 25.268, ASX Ranking 39, 4 Week Av Turnover $23,245,651, Current Turnover (Intraday as at time of alert) $1,433,475.

Company Overview : Sonic Healthcare Limited (SHL) is an international medical diagnostics company, offering laboratory medicine/pathology and radiology services to the medical community. The company is structured as a decentralized federation of medically-led diagnostic practices, with the head office in Sydney, Australia. SHL provides the services and infrastructure in eight countries: Australia; New Zealand; the UK; Germany; Switzerland; Belgium; Ireland; and the USA.

Broker Consensus : HOLD

 

SHL – Sonic Healthcare Limited

SHL is finding some buyers stepping in to support price and a potential move back up to news highs. We see price is in a prime position so are watching for a higher low to build above 25.00 for the buy entry setup.

 

Stock Code : SHL – Sonic Healthcare Limited

Company Website : www.sonichealthcare.com.au

Current Price : 25.32

Status : On watch for buy entry setup