Current Active Alert Management SGM
SGM – Sims Metal Management Limited
SGM is continuing the push higher as buyers ramp up the pressure. We are now watching for a potential partial exit as price extends higher. Happy to take a partial exit at 15.95/16.05 zone just below the highs around 16.25.
Stock Code : SGM – Sims Metal Management Limited
Company Website : www.simsmm.com
Current Price : 15.10
Previous Buy Entry (Trigger Level) : 14.50
Sell Exit Zone (Stop Loss) : 13.80
Potential Partial Exit (Target) : 15.95/16.05 Zone
Status : On watch for continuation higher to target
PREVIOUS ALERT 28/11/17
SGM – Sims Metal Management Limited
SGM is up today on the back of an on market share buy-back announcement today. We are now taking the opportunity to raise the risk level to 13.80 and watch for buyers to continue to push price up through 15.00 to previous high levels.
Stock Code : SGM – Sims Metal Management Limited
Company Website : www.simsmm.com
Current Price : 14.43
Previous Buy Entry (Trigger Level) : 14.50
New Sell Exit Zone (Stop Loss) : 13.80
Status : On watch for continuation higher
ORIGINAL ALERT 17/11/17
SGM – Sims Metal Management Limited
SGM is ready to kick higher out of contraction as buyers step up to the plate. The longer term price trend has been higher and we are in a prime area to continue. Happy to buy now at 14.50 with risk at 13.50. If price pushes lower through 13.50 prior to entry then we will re-assess the alert.
Stock Code : SGM – Sims Metal Management Limited
Company Website : www.simsmm.com
Current Price : 14.15
New Buy Entry (Trigger Level) : 14.50
Potential Sell Exit Zone (Stop Loss) : 13.50
Status : On watch for buy entry trigger
