New Buy Entry Alert

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