Sellers push price lower to trigger the sell entry level

Original Alert 26/02/19

Sellers get active to push price lower and trigger the Sell Entry Level at 14.48 so the alert is now active. The Stop Loss is held at 15.33 and the current price is at 14.43.

New Sell Entry Alert WOR

Time Frame : Daily/Weekly

Sector : Energy

Key Stats : $6.99 Billion Market Cap, VWAP 14.698, ASX Ranking 61, 4 Week Av Turnover $21,915,025, Current Turnover (Intraday as at time of alert) $9,725,527, PE 32.6, Div Yield 1.81%.

Company Overview : WorleyParsons Limited (WOR) delivers projects, provides expertise in engineering, procurement and construction and offers a range of consulting and advisory services to the hydrocarbons, mineral, metals, chemicals and infrastructure sectors.

Broker Consensus : BUY

WOR – Worley Parsons Limited

WOR recently bounced off lows around 11.00 but is again coming under selling pressure in a tentative market. We are now watching for a sell on a push down through 14.48 and will hold the stop loss at 15.33. If price rallies up through 15.33 prior to the entry then we will re-assess the action.

Stock Code : WOR – Worley Parsons Limited

Company Website : www.worleyparsons.com

Current Price : 14.55

New Potential Sell Entry (Trigger Level) : 14.48

Potential Buy Exit Zone (Stop Loss) : 15.33

Status : On watch for Sell entry trigger