Price is ready to run as buyers take control so time to get on board

New Buy Entry Alert MSB

Time Frame : Daily/Weekly

Sector : Pharmaceuticals, Biotech and Life Sciences/Healthcare

Key Stats : $971.39 Million Market Cap, VWAP 1.87, ASX Ranking 258, 4 Week Av Turnover $3,549,589, Current Turnover (Intraday as at time of alert) $1,268,957 (as at 10:52am).

Company Overview : Mesoblast Limited (MSB) is an Australian company engaging in the development of biologic products for regenerative medicine. The key focus is on research and development of adult Mesenchymal Precursor Cells (MPCs), Mesenchymal Stem Cells (MSCs), Dental Pulp cells and Adipose cells. Its intellectual property covers applications in key markets including the United States, Europe, Japan and China.

Broker Consensus : BUY

MSB – Mesoblast Limited

MSB is set to break to new highs after some time spent consolidating a major higher low. We are now happy to buy on a push up through 1.92 with a Stop Loss at 1.76. If price falls below 1.76 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : MSB – Mesoblast Limited

Company Website : www.mesoblast.com

Current Price : 1.885

New Potential Buy Entry (Trigger Level) : 1.92

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.76

Status : On watch for Buy Entry Trigger