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Potential Buy Entry Alert to Watch CL1
Time Frame : Daily/Weekly
Sector : Software and Services
Key Stats : $257.79 Million Market Cap, VWAP 2.09, ASX Ranking 527, 4 Week Av Turnover $536,703, Current Turnover Intraday $303,529 (1:27pm AEDT), PE 27.4, Div Yield 2.38%.
Company Overview : Class Limited (CL1) is the provider of cloud-based administration software solutions tailored to the requirements of SMSF administrators in Australia. It also provides software to streamline the administration of investment portfolios held by non-SMSF entities such as companies, trusts and individuals.
Broker Consensus : BUY/HOLD
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CL1 – Class Limited
CL1 is in a prime position for longer term buyers to start to move into the action and defend a key higher level. We expect that the process will take some time and are watching for a higher low to form for evidence that the move up is about to get underway.
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Stock Code : CL1 – Class Limited
Company Website : www.class.com.au
Current Price : 2.08
Status : On watch for potential higher low and push up through 2.40
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