Buyers jump in on a positive quarterly update and look to new highs

Potential Buy Entry Alert to Watch PPS

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $183.6 Million Market Cap, VWAP 0.515, ASX Ranking 601, 4 Week Av Turnover $658,547, Current Turnover (Intraday as at time of alert) $2,299,824.

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

PPS – Praemium Limited

PPS has put out its quarterly update today that was taken well by the market with buyers marching price higher. We are now watching for a higher low to build as buyers start to support higher levels. If we get the price action to play out then watching for a run to highs.

Stock Code : PPS – Praemium Limited

Company Website : www.praemium.com.au

Current Price : 0.525

Status : On watch for potential higher low and push up through 0.60