Buyers holding highs and building for a new leg up

New Buy Entry Alert ELO

 

Time Frame : Daily

Sector : Software and Services/Technology

Key Stats : $149.02 Million Market Cap, VWAP 6.472, ASX Ranking 628, 4 Week Av Turnover $374,589, Current Turnover (Intraday as at time of alert) $29,468.

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 – Elmo Software Limited

ELO is holding around the 6.47 zone as buyers edge into the action. We are now watching for buyers to lift price for a run up to the highs. Happy to buy on a move up through 6.81 and hold a stop loss at 6.25. If price pushes down through 6.25 prior to entry, we will cancel the alert and re-assess the action.

 

Stock Code : ELO – Elmo Software Limited

Company Website : www.elmosoftware.com.au

Current Price : 6.43

New Buy Entry Level (Trigger Level) : 6.81 (with a 2 cent limit upto 6.83)

Potential Sell Exit Zone (Stop Loss) : 6.25

Status : On watch for a Buy entry trigger