Price is holding strong as buyers step in looking for new highs

Potential Buy Entry Alert to Watch RHC

Time Frame : Daily/Weekly

Sector : Healthcare Equipment & Services

Key Stats : $12.9 Billion Market Cap, VWAP 64.171, ASX Ranking 31, 4 Week Av Turnover $27,868,289, Current Turnover (Intraday as at time of alert) $704,112, PE 32.2, Div Yield 2.29%.

Company Overview : Ramsay Health Care Limited (RHC) is a global hospital group that operates 221 hospitals and 14 day surgery centres, treatment facilities, rehabilitation and psychiatric units and a nursing college across Australia, United Kingdom, France, Indonesia, Malaysia and Italy. Ramsay Health Care facilities cater for a range of health care needs from day surgery procedures to complex surgery, as well as psychiatric care and rehabilitation.

Broker Consensus : HOLD


RHC – Ramsay Health Care Limited

RHC has spent some time consolidating the highs between 63.00 and 66.00 after spending the second half of 2018 around 55.00. We want to see evidence that further buying is coming into the action to support a higher low and build for a move up to 71.00. Price may still have some work to do so its on the watchlist for now.

Stock Code : RHC- Ramsay Health Care Limited

Company Website : www.ramsayhealth.com.au

Current Price : 63.74

Status : On watch for potential higher low and move through 66.00