Technical outlook – Approaching this share from a technical perspective, the Relative Strength Index (RSI) 3-period lookback is showing upward momentum, whilst the Moving Average Convergence Divergence (MACD) is bullish.
From the given pattern, a break of $73.00 should initiate a potential bull-run, triggering the advance to an immediate target of $80.00, with scope (from the measured move) to target the region of $85.00.
However, the view is neutral until the break occurs.
Company Overview – Blackmores Limited (BKL) is a natural health company engaged in the development, sales and marketing of natural health products for humans and animals. It combines traditional naturopathic expertise with scientific research to produce products that include vitamins and herbal and mineral nutritional supplements. Products are distributed through retail pharmacies, supermarkets, health food stores, mass merchants and distributors. BKL operates in Australia, New Zealand and Asia. Former Names: Blackmores Laboratories Ltd, 07/12/1989.