Sellers ready to continue to pressure prices lower

Potential Sell Entry Alert PRY

 

Time Frame : Daily/Weekly

Sector : Healthcare Equipment and Services

Key Stats : $1.85 Billion Market Cap, VWAP 2.948, ASX Ranking 173, 4 Week Av Turnover $8,445,909, Current Turnover (Intraday as at time of alert) $3,004,389, PE 174.7, Div Yield 3.57%.

Company Overview : Primary Health Care Limited (PRY) is a healthcare company providing service to medical and health professionals through its network of medical centres and pathology centres across Australia. PRY is also a provider of diagnostic imaging services, pathology services.

Broker Consensus : HOLD/SELL

 

PRY – Primary Health Care Limited

PRY has come under some serious pressure recently and we do not see a let up in the near future. We see that a recent cap raising at $2.50 could provide further selling pressure to come as holders book some gains. Also, the volume on the recent rally back above 3.00 is drying up so we are now on watch for a daily lower high to confirm for a sell entry setup.

 

Stock Code : PRY – Primary Health Care Limited

Company Website : www.primaryhealthcare.com.au

Current Price : 2.965

Status : On watch for Sell entry setup