Sellers edge price lower so happy to tighten up the risk level

Current Active Alert Management COH

Time Frame : Daily/Weekly

Sector : Healthcare Equipment and Services

Broker Consensus : SELL

COH – Cochlear Limited

COH is grinding lower as price comes under some pressure from sellers. We see the grinding action as building for a spike lower to 200.00 and then a potential break of this level if sellers really start to pile on the pressure. Happy to tighten up the risk level and move the stop loss down to 214.00. Will also be watching for an opportunity to lock away some gains on a push lower.

Stock Code : COH – Cochlear Limited

Company Website : www.cochlear.com

Current Price : 208.30

Previous Sell Entry (Trigger Level) : 208.10

New Buy Exit Zone (Stop Loss) : 214.00

Status : On watch for continuation lower

Alert History

Original Sell Entry Alert 10/09/19

New Sell Entry Alert COH

Time Frame : Daily/Weekly

Sector : Healthcare Equipment and Services

Key Stats : $12.37 Billion Market Cap, VWAP 209.102, ASX Ranking 37, 4 Week Av Turnover $43,701,683, Current Turnover (Intraday as at time of alert) $20,509,040, PE Ratio 44.6, Div Yield 1.54%.

Company Overview : Cochlear Limited (COH) is a manufacturer and distributor of cochlear implantable devices for hearing impaired. Cochlear have operations in more than 20 countries distributing its products in America, Asia Pacific, Europe, Middle East and Africa. It offers three main products namely: Cochlear implants, Baha bone conduction implants and Cochlear Wireless Accessories.

Broker Consensus : SELL

COH – Cochlear Limited

COH is on the move lower as sellers hold lower levels. We are happy to Sell at the current market price of 208.10 with a Stop Loss at 218.00. Because we are entering short at the current market price, the alert is active.

Stock Code : COH – Cochlear Limited

Company Website : www.cochlear.com

Current Price : 208.10

New Sell Entry (Trigger Level) : At Market (Current 208.10)

Potential Buy Exit Zone (Stop Loss/Cancel Level) : 218.00

Status : On watch for Sell Entry Trigger