Current Active Alert Management 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 still coming under pressure but the buyers continue to put up a fight to support the action. We are happy to tighten up the stop loss on the short position to 52.00 and will be watching for a move to the 49.00 zone for a potential partial exit.
Stock Code : WES – Wesfarmers Limited
Company Website : www.wesfarmers.com.au
Current Price : 50.78
Previous Sell Entry Level (Trigger Level) : 50.35
New Buy Exit Zone (Stop Loss) : 52.00
Status : On watch for continuation lower
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
