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Potential Buy Entry Alert to Watch PPS
Time Frame : Daily/Weekly
Sector : Software and Services/Financial Services
Key Stats : $234.6 Million Market Cap, VWAP 0.58, ASX Ranking 549, 4 Week Av Turnover $1,066,194, Current Turnover (Intraday as at time of alert) $395,523.
Company Overview : Praemium Ltd (PPS) is a company involved in the provision of investment administration, Separately Managed Account (SMA) and financial planning technology platforms. Praemium administers more than 475000 investor accounts covering approximately $110 billion in funds globally, and currently provides services to approximately 700 financial institutions and intermediaries.
Broker Consensus : BUY
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PPS – Praemium Limited
PPS recently pushed up out of contraction and now is in a prime position to continue higher. We can see the the volume has eased as prices push lower so are now watching for volume to spike as buyers hold a higher level to build the buy entry setup. The stocks fundamentals continue to hit targets as FUMs increase so we expect this trend to continue and support higher levels.
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Stock Code : PPS – Praemium Limited
Company Website : www.praemium.com.au
Current Price : 0.575
Status : On watch for potential higher low and push up through 0.70
