Taking a 50% Partial Exit on ACX at 7.62 (Current Market)

Good news spikes price so happy to lock in some Xmas gains

 

ACX – Aconex Limited

ACX has had a very nice announcement to market today on a buyout offer from Oracle. Subject to terms and conditions, Oracle has offered a 100% cash share buyout at AUD$7.80 per share. Stock holders still have to vote in March 2018 after the company gets over a few hurdles but a nice way to go into Christmas. ASX release here http://investor.aconex.com/investor-centre/

 

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 : 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