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Potential Buy Entry Alert to Watch ELO
Time Frame : Daily
Sector : Software and Services/Technology
Key Stats : $460.33 Million Market Cap, VWAP 7.262, ASX Ranking 375, 4 Week Av Turnover $144,121, Current Turnover (Intraday as at time of alert) $7219.
Company Overview : ELMO Software Limited (ELO) is a cloud-based HR & Payroll software provider. ELMO offers customers a unified platform to streamline processes for employee administration, recruitment, onboarding, learning, performance, remuneration, compliance training and payroll. ELMO operates on a Software as a Service (“SaaS”) business mode.
Broker Consensus : BUY
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ELO – Elmo Software Limited
ELO is on the move up as buyers continue to soak up the selling pressure. We are now watching for volume to increase and price to hold minor higher lows in a show of strength and interest from the buyers. Expecting a test of highs 8.51 in the near term.
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Stock Code : ELO – Elmo Software Limited
Company Website : www.elmosoftware.com.au
Current Price : 7.19
Status : On watch for potential higher low and push up through 7.75
