Potential Buy Entry Alert TNE

Time Frame : Daily

Sector : Software and Services/Technology

Key Stats : $1.74 Billion Market Cap, VWAP 5.496, ASX Ranking 172, 4 Week Av Turnover $4,714,150, Current Turnover (Intraday as at time of alert) $1,514,565, PE 38.7, Div Yield 1.54%.

Company Overview : Technology One Limited (TNE) is a software provider and consultant, servicing government, local government, financial services, health & community services, education, and utilities and managed services markets. Products include financials, HR & Payroll, supply chain and business intelligence. TNE also offers custom software development services for large scale, purpose built applications. TNE has 14 offices throughout Australia, New Zealand, Asia, the South Pacific and the United Kingdom.

Broker Consensus : HOLD

TNE – Technology One Limited

TNE is finding some buying interest as price starts to ramp up. We are now watching for late buyers to get squeezed out of the action on a minor pullback and then the serious buying pressure to start and build the higher low for a buy entry setup.

Stock Code : TNE – Technology One Limited

Company Website : www.technologyonecorp.com

Current Price : 5.55

Status : On watch for buy entry setup