Potential Buy Entry Alert MIN

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $2.87 Billion Market Cap, VWAP 15.464, ASX Ranking 124, 4 Week Av Turnover $13,426,719, Current Turnover (Intraday as at time of alert) $5,522,937, PE Ratio 10.5, Div Yield 4.26%.

Company Overview : Mineral Resources Limited (MIN) is an Australia based mining service, contracting, processing and commodities production company. MIN’s portfolio of market brands comprise of: PIHA, Crushing Services International and Process Minerals International; its minerals producer market brands are Polaris Metals and Mesa Minerals.

Broker Consensus : BUY

MIN – Mineral Resources Limited

MIN is a bit of a shining light that may bring the patient trader some handy gains. We see price action is ready to break higher so we are watching the 16.50 level closely. If we see a break up through this level then its all about the confirmation off a higher low to make sure that we are on the right side of the market.

Stock Code : MIN – Mineral Resources Limited

Company Website : www.mineralresources.com.au

Current Price : 15.25

Status : On watch for buy entry setup