Potential Sell Entry Alert to Watch APX
Time Frame : Daily/Weekly
Sector : Software and Services/Technology
Key Stats : $1.38 Billion Market Cap, VWAP 12.986, ASX Ranking 192, 4 Week Av Turnover $11,247,178, Current Turnover (Intraday as at time of alert) $2,417,252.
Company Overview : Appen Limited (APX) is a globally focused company that provides language technology data and services in more than 150 languagesand dialects to technology companies and government agencies. Appen is divided into two distinct business divisions: ContentRelevance and Speech and Data Collection.
Broker Consensus : HOLD
APX – Appen Limited
APX may be coming under pressure as buyers dry up and price fails to push up to the recent highs around 16.00. We see this weakness as a major lower high that may be playing out so expect to see some further weakness on the horizon. The first support zone is around 10.75 and if this can not hold, buyers may be running for cover.
Stock Code : APX – Appen Limited
Company Website : www.appen.com.au
Current Price : 13.03
Status : On watch for potential weakness
