Buyers ready to build for a new leg higher

Potential Buy Entry Alert to Watch HUB

 

Time Frame : Daily

Sector : Diversified Financials/Financial Services

Key Stats : $776.56 Million Market Cap, VWAP 12.732, ASX Ranking 259, 4 Week Av Turnover $3,502,309, Current Turnover (Intraday as at time of alert) $430,195.

Company Overview : HUB24 Limited (HUB, formerly InvestorFirst Limited) is a financial services company focused on the delivery of the HUB24 platform and can also provide a licensing solution to financial advisers through its wholly owned subsidiary, Paragem. The HUB24 platform supports the achievement of superior superannuation and investment outcomes for investors. It is a next generation service with state of the art portfolio management, transaction and reporting solutions for licensees, financial advisers, accountants, stockbrokers and institutions.

Broker Consensus : BUY

 

HUB – HUB24 Limited

HUB has seen a battle between buyers and sellers since the beginning of June giving rise to choppy price action. We now see that price may be building for a move up after news of a record start to FY19. We are now watching for a higher low to build and a squeeze put on the sellers for a run to new highs.

 

Stock Code : HUB – HUB24 Limited

Company Website : www.hub24.com.au

Current Price : 12.77

Status : On watch for buy entry setup