Buyers back in the action and looking to new highs

New Buy Entry Alert SPT

Time Frame : Daily

Sector : Software and Services/Financial Services

Key Stats : $152.3 Million Market Cap, VWAP 0.845, ASX Ranking 650, 4 Week Av Turnover $10,155,734, Current Turnover (Intraday as at time of alert) $2,319,927.

Company Overview : Splitit Payments Ltd (SPT) is a technology company providing cross-border credit card based instalment solution to businesses and retailers. The Company provides a payment service that can be fully integrated into a merchant’s payment system.

Broker Consensus : Not covered by a major broker

SPT – Splitit Payments Limited

SPT is relatively new to the ASX and has come on with a bang as price continues to find buying pressure. Its rivals are the likes of APT and Z1P and it intends taking them head on. We are now watching for a buy on a push up through 0.90 and will hold the stop loss at 0.79. If price falls down through 0.79 prior to the entry then we will re-assess the action. A recent pullback has cleared out some late buyers so we now expect to see a run up through 1.00.

Stock Code : SPT – Splitit Payments Limited

Company Website :

Current Price : 0.84

New Potential Buy Entry (Trigger Level) : 0.90

Potential Sell Exit Zone (Stop Loss) : 0.79

Status : On watch for buy entry trigger