Potential Buy Entry Alert PPS

Time Frame : Daily

Sector : Software and Services/ Technology

Key Stats : $344.4 Million Market Cap, VWAP 0.88, ASX Ranking 423, 4 Week Av Turnover $833,226.

Company Overview : Praemium Ltd (PPS) is a company involved in the provision of investment administration, Separately Managed Account (SMA) and financial planning technology platforms. Praemium administers more than 475000 investor accounts covering approximately $110 billion in funds globally, and currently provides services to approximately 700 financial institutions and intermediaries.

PPS – Praemium Limited

PPS has had a positive news release today which may already be mostly factored in to the price. We see the potential for a squeeze on buyers for a pullback on the weekly timeframe and then we will watching closely for price action to reset for a longer term move back up. The fundamentals are supportive as Funds Under Management (FUA) continue to rise.

Stock Code : PPS – Praemium Limited

Company Website : www.praemium.com.au

Current Price : 0.90

Status : On watch for buy entry setup