Sell entry level triggered as sellers take control

WES triggered the Sell Entry Level at 50.35 as price pushed lower into the close.

The Stop Loss is held at 52.50.

 


Original Alert 5/9/18

New Sell Entry Alert WES

 

Time Frame : Daily/Weekly

Sector : Food & Staples Retailing

Key Stats : $58.37 Billion Market Cap, VWAP 50.906, ASX Ranking 7, 4 Week Av Turnover $116,690,163, Todays Current Turnover (intraday) $49,112,643, PE 48.6, Div Yield 4.33%.

Company Overview : Wesfarmers Limited (WES) is a diversified business operating supermarkets, department stores, home improvement and office supplies, resources, chemicals, energy and fertilisers, and industrials and safety products. WES is headquartered in Western Australia.

Broker Consensus : SELL

 

WES – Wesfarmers Limited

WES is coming under pressure after a strong run up with the ASX200 rally from the start of the year. We are now happy to sell with a push down through 50.35 and will hold the stop loss at 52.50. If price goes up through 52.50 prior to entry, we will cancel the alert and re-assess the action.

 

Stock Code : WES – Wesfarmers Limited

Company Website : www.wesfarmers.com.au

Current Price : 50.81

New Sell Entry Level (Trigger Level) : 50.35

Potential Buy Exit Zone (Stop Loss) : 52.50

Status : On watch for a Sell entry trigger