June 12, 2019
Time Frame : Daily
Sector : Agricultural Products
Key Stats : $669.25 Million Market Cap, VWAP 7.022, ASX Ranking 302, 4 Week Av Turnover $1,000,086, Current Turnover (Intraday as at time of alert) $344,894, PE 19.4, Div Yield 2.71%.
Company Overview : Select Harvests Limited (SHV) is an almond producer which grows, processes, packages, sells and distributes almond from its almond orchards. SHV is also a manufacturer and marketer of edible nuts, dried fruits, seeds, and a range of natural health foods to the Australian, Asia, Europe and the Middle East retail and industrial markets. SHV provides a management services to external owners of almond orchards.
Broker Consensus : HOLD
SHV recently on our alert list and continues to show some great price action. The longer term action has a lot of upside and room to move above 8.00. We are now watching for a minor pullback and consolidation around the 6.50/6.60 zone which we expect would lead to a strong run to 8.00 and potentially through to clear skies.
Stock Code : SHV – Select Harvests Limited
Company Website : www.selectharvests.com.au
Current Price : 6.99
Status : On watch for potential higher low around 6.50/6.60
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