Buyers soak up the selling pressure in a show of strength

Potential Buy Entry Alert to Watch XRO

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $5.63 Billion Market Cap, VWAP 41.934, ASX Ranking 75, 4 Week Av Turnover $12,915,346, Current Turnover (Intraday as at time of alert) $5,482,031.

Company Overview : Xero Limited (XRO) provides a platform for online accounting and business services to small businesses. XRO delivers application software for small business owners, accountants and bookkeepers. XRO has offices in New Zealand, Australia with 981,000 subscribers in 2018, United Kingdom has 355,000 subscribers, North America has 178,000 subscribers and Rest of the World has 65,000 subscribers in 2018.

Broker Consensus : Not Covered by a major broker


XRO – Xero Limited

XRO is holding the long term trend higher as buyers soak up the selling pressure. We see the potential for buyers to rally price up through 46.00 off a higher low although there may still be a bit of work to do as the overall market is tentative.

Stock Code : XRO – Xero Limited

Company Website : www.xero.com

Current Price : 42.65

Status : On watch for potential higher low and move through 46.00