Sellers may pile in if support can not hold as this stock falls out of favour


Potential Sell Entry Alert to Watch BKL

Time Frame : Daily/Weekly

Sector : Healthcare

Key Stats : $2.06 Billion Market Cap, VWAP 120.886, ASX Ranking 160, 4 Week Av Turnover $4,880,192, Current Turnover (Intraday as at time of alert) $1,014,312, PE 29.3, Div Yield 2.56%.

Company Overview : Blackmores Limited (BKL) is natural health company engaged in development, and sales and marketing of health products forhumans and animals. It combines traditional naturopathic expertise with scientific research. Their products include vitamins,herbal and mineral nutritional supplements. Products are distributed through retail pharmacies, supermarkets, health foodstores, mass merchants and distributors. BKL operates in Australia, New Zealand and Asia.

Broker Consensus : HOLD/SELL

 

BKL – Blackmores Limited

BKL is showing some signs of weakness as price hovers just above the support zone at 115.00. We are now watching for a potential break of support to drag in the long term buyers and convince them to close out as a move to 90.00 may be on the cards then. Watching closely now.

Stock Code : BKL – Blackmores Limited

Company Website : www.blackmores.com.au

Current Price : 120.875

Status : On watch for Sell entry setup