Sellers taking control and looking to put the squeeze on recent buyers

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