Potential Buy Entry Alert ELO

Time Frame : Daily/Weekly

Sector : Software and Services

Key Stats : $149.02 Billion Market Cap, VWAP 6.671, ASX Ranking 632, 4 Week Av Turnover $303,293, Current Turnover (Intraday as at time of alert) $416,288.

Company Overview : ELMO Software Limited (ELO) is Australia and New Zealand’s leading providers of SaaS, cloud-based talent management software solutions. Company develops, sells and implements a range of modular software applications to efficiently manage human resource (HR) related processes including recruitment, onboarding, performance management, learning and development and succession planning. ELMO also provides HR Core, a software module which organizations use for people management and employee self-service. ELMO’s solutions are used by 472 organizations across 13 different industries in Australia, New Zealand and Singapore.

Broker Consensus : BUY

ELO – Elomo Software Limited

ELO is showing signs that buyers are on the move after price pushed up through 6.50 resistance. We are now watching for an opportunity to jump on board for the inevitable spike higher. Recent positive results may be just the support needed to drag in more buyers.

Stock Code : ELO – Elomo Software Limited

Company Website : www.elmosoftware.com.au

Current Price : 6.65

Status : On watch for buy entry setup