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Potential Buy Entry Alert to Watch TNE
Time Frame : Daily/Weekly
Sector : Software and Services/Technology
Key Stats : $2.37 Billion Market Cap, VWAP 7.53, ASX Ranking 147, 4 Week Av Turnover $5,203,239, Current Turnover (Intraday as at time of alert) $2,162,176, PE 38.8, Div Yield 1.25%.
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
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TNE – Technology One Limited
TNE is holding above the 7.00 zone as buyers show strength. The longer term weekly chart is in a prime area for a move up with the key problem area up around 8.50. Even so, there is enough meat in a potential move up even if sellers jump back in around 8.45. We are watching now for a higher low to hold and volume to pick up for further evidence that a move is getting underway.
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Stock Code : TNE – Technology One Limited
Company Website : www.technologyonecorp.com
Current Price : 7.525
Status : On watch for potential higher low and push up through 7.75
