Potential Sell Entry Alert MTS
Time Frame : Daily/Weekly
Sector : Food and Staples Retailing
Key Stats : $2.53 Billion Market Cap, VWAP 2.785, ASX Ranking 133, 4 Week Av Turnover $9,755,397, Current Turnover (Intraday as at time of alert) $2,101,840, Div Yield 4.68%.
Company Overview : Metcash Limited (MTS) is a wholesale distribution and marketing company specializing in grocery, fresh food, liquor, hardware and automotive parts & accessories. MTS operates in Australia and a smaller liquor business in New Zealand.
Broker Consensus : HOLD/SELL
MTS – Metcash Limited
MTS continues to come under pressure since our last alert and we are focused now on a sell entry setup. Buyers are struggling to push price back up to 3.00 so a lower high may be on the cards as the sellers apply the pressure and more buyers decide to lock in long term gains. On the radar now for the entry.
Stock Code : MTS – Metcash Limited
Company Website : www.metcash.com
Current Price : 2.785
Status : On watch for Sell entry setup
Previous Alert 27/11/18
Potential Sell Entry Alert MTS
Time Frame : Daily/Weekly
Sector : Food and Staples Retailing
Key Stats : $2.55 Billion Market Cap, VWAP 2.747, ASX Ranking 137, 4 Week Av Turnover $11,002,369, Current Turnover (Intraday as at time of alert) $2,586,882, Div Yield 4.64%.
Company Overview : Metcash Limited (MTS) is a wholesale distribution and marketing company specializing in grocery, fresh food, liquor, hardware and automotive parts & accessories. MTS operates in Australia and a smaller liquor business in New Zealand.
Broker Consensus : HOLD/SELL
MTS – Metcash Limited
MTS is coming under pressure from longer term and shorter term traders. A major lower high held at 3.10 which is bringing in more sellers to the action so we see a potential fora longer term move down to 2.00 on the cards. Watching the daily charts now for a sell entry setup.
Stock Code : MTS – Metcash Limited
Company Website : www.metcash.com
Current Price : 2.77
Status : On watch for Sell entry setup
