The action is ready to heat up as buyers start to build

Potential Buy Entry Alert to Watch SHV

Time Frame : Daily

Sector : Agricultural Products

Key Stats : $599.55 Million Market Cap, VWAP 6.329, ASX Ranking 315, 4 Week Av Turnover $1,850,203, Current Turnover (Intraday as at time of alert) $281,051, PE 27.1, Div Yield 1.91%.

Company Overview : Select Harvests Limited (SHV) is an almond producer which grows, processes, packages, sells and distributes almond from its almond orchards. SHV is also a manufacturer and marketer of edible nuts, dried fruits, seeds, and a range of natural health foods to the Australian, Asia, Europe and the Middle East retail and industrial markets. SHV provides a management services to external owners of almond orchards.

Broker Consensus : HOLD

SHV – Select Harvests Limited

SHV recently fell away from highs around 7.00 and is now finding some buying interest around 6.20. We are now watching for the buying pressure to ramp up and push up out of contraction to build a higher low for the entry setup. The is good potential for a move through 7.00 and, longer term, through 7.50.

Stock Code : SHV – Select Harvests Limited

Company Website : www.selectharvests.com.au

Current Price : 6.39

Status : On watch for potential higher low around 6.40