Current Active Alert Management SGM

SGM – Sims Metal Management Limited

SGM has continued on its merry way higher since the last alert and still looking good. Price is now looking extended so we are happy to tighten up risk and lock in further gains. Now all ewe can do is sit back and watch the action unfold.

 

Stock Code : SGM – Sims Metal Management Limited

Company Website : www.simsmm.com

Current Price : 17.11

Previous Buy Entry (Trigger Level) : 14.50

New Sell Exit Zone (Stop Loss) : 16.50

Previous Partial Exit (Target) : 15.95

Status : On watch for continuation higher

 

PREVIOUS ALERT 20/12/17

SGM – Sims Metal Management Limited

SGM is having a great day with buyers aiming to the highs. We are watching for a 50% partial exit above 15.95 and then will watch the remaining to see where the buyers take price. Happy now to raise the risk level to lock in some gains below the higher low at 15.00.

 

Stock Code : SGM – Sims Metal Management Limited

Company Website : www.simsmm.com

Current Price : 15.83

Previous Buy Entry (Trigger Level) : 14.50

New Sell Exit Zone (Stop Loss) : 15.00

Potential Partial Exit (Target) : 15.95/16.05 Zone

Status : On watch for continuation higher to target

 

 

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