Buyers targeting new highs so time to tighten up the risk

Current Active Alert Management XRO

 

XRO – Xero Limited

XRO is kicking on nicely today targeting a move up to new all time highs. We are happy to tighten up the risk and move the stop loss to 43.50. Also, watching for a potential partial exit opportunity to lock in some gains.

 

Stock Code : XRO – Xero Limited

Company Website : www.xero.com

Current Price : 46.95

Previous Buy Entry (Trigger Level) : 45.80

New Sell Exit Zone (Stop Loss) : 43.50

Status : On watch for continuation higher

 

 


Original Alert 10/8/18

New Buy Entry Alert XRO

 

Time Frame : Daily

Sector : Software and Services/Technology

Key Stats : $6.24 Billion Market Cap, VWAP 44.633, ASX Ranking 73, 4 Week Av Turnover $21,859,202.

Company Overview : Xero Limited (XRO) provides a platform for online accounting and business services to small businesses. XRO delivers application software for small business owner and accountants & bookkeepers. XRO has offices in New Zealand, Australia adding 194,000 new subscribers in 2017,United Kingdom growing 212,000 subscribers in the current year and America which grew to 92,000 subscribers in 2017.

Broker Consensus : None

 

XRO – Xero Limited

XRO is in a strong uptrend which is showing no sign of slowing down. We are happy to buy on a push up through 45.80 and will hold the stop loss level at 42.00. If price falls below 42.00 prior to entry then we will cancel the alert and re-assess the alert.

 

Stock Code : XRO – Xero Limited

Company Website : www.xero.com

Current Price : 44.80

New Buy Entry (Trigger Level) : 45.80

Potential Sell Exit Zone (Stop Loss) : 42.00

Status : On watch for a buy entry trigger