May 17, 2019
Time Frame : Daily/Weekly
Sector : Software and Services
Key Stats : $6.08 Billion Market Cap, VWAP 25.968, ASX Ranking 72, 4 Week Av Turnover $46,959,661, Current Turnover (Intraday as at time of alert) $7,666,596.
Company Overview : Afterpay Touch Group Limited (APT) is an Australian incorporated company. Afterpay focusses on applying its technology to provide a retail centric, omni channel retail service that facilitates commerce between retail merchants and their end-customers. Afterpay delivers this by providing a platform that allows retail merchants to offer their end-customers the ability to buy products on a ‘buy now, receive now, pay late’ basis without the end-customer having to Apply for or enter into a traditional loan, Pay any additional amount (by way of interest or upfront fees to Afterpay) for the merchant’s products if instalment payments are made on time or Provide extensive personal information that could cause delay or failure to complete a purchase.
Broker Consensus : BUY
APT is in a prime position for a continuation move up to new highs as price continues to show strength. We are happy to buy on a push up through 26.85 and will hold a stop loss at 24.60. If price pushes down through 24.60 prior to entry, then happy to cancel the alert and re-assess the action.
Stock Code : APT – Afterpay Touch Group Limited
Company Website : www.afterpaytouch.com
Current Price : 26.14
Status : On watch for buy entry trigger
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