Price is holding highs as buyers and sellers fight it out

Potential Buy Entry Alert CLV

 

Time Frame : Daily/Weekly

Sector : Materials/Healthcare

Key Stats : $260.16 Million Market Cap, VWAP 1.56, ASX Ranking 490, 4 Week Av Turnover $426,415, Current Turnover (Intraday) $163,497, PE 44.6, Div Yield 0.80%.

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 : NONE

 

CLV – Clover Corporation Limited

CLV is contracting in price as buyers and sellers fight it out but looks ready for another move into new highs. We see higher lows holding after a strong push up at the start of the year so we are now watching for further contraction and then a higher low to build the buy entry setup.

 

Stock Code : CLV – Clover Corporation Limited

Company Website : www.clovercorp.com.au

Current Price : 1.585

Status : On watch for a buy entry setup