Closed Buy Alert ACX
ACX has been edging higher as the takeover bid by Oracle is approved. We are now happy to close out the alert and call it a day to lock in the remaining gains. The current price is 7.75 which is 5 cents below the offer so we do not see a lot more upside to this in the near term.
Previous Alert 20/2/18
ACX – Aconex Limited
ACX has continued the hold highs and is starting to get further buying after solid first half 2018 Revenue Growth. We are now happy to ride the action further and tighten up the risk to 7.60 to lock in further gains. ASX release here http://investor.aconex.com/investor-centre/
Stock Code : ACX – Aconex Limited
Company Website : www.aconex.com
Current Price : 7.75
Previous Buy Entry (Trigger Level) : 5.24
New Sell Exit Zone (Stop Loss) : 7.60
Previous 50% Partial Exit Zone (Stop Loss) : 7.62
Status : Waiting for vote on Buyout
Previous Alert 11/12/17
ACX – Aconex Limited
ACX has kicked higher since the entry and looks ready to continue the momentum up. The software application company has nice price action as buyers step in and start the run up. We are now watching for continuation to and through 6.00 so will sit back and watch the action. Happy now to tighten up the risk to 5.01.
Stock Code : ACX – Aconex Limited
Company Website : www.aconex.com
Current Price : 5.29
Previous Buy Entry (Trigger Level) : 5.24
New Sell Exit Zone (Stop Loss) : 5.01
Status : On watch for continuation higher
ORIGINAL ALERT 22/11/17
ACX – Aconex Limited
ACX is on the move as buyers soak up the recent selling pressure and fight back. We see the software and application technology company for the construction industry having some great prospects after recently being sold down from highs. We are happy to buy at 5.24 but if price goes lower through 4.62 prior to entry, we will re-assess the alert.
Stock Code : ACX – Aconex Limited
Company Website : www.aconex.com
Current Price : 5.16
New Buy Entry (Trigger Level) : 5.24
Potential Sell Exit Zone (Stop Loss) : 4.62
Status : On watch for buy entry trigger
