Tag: ASX:APX

With lower bond yields in the US we’re seeing a risk-on phase in tech shares. Appen is one way to gain exposure to the trade.

Traders may consider buying Appen and applying a stop loss below the $12.15 low.

Appen is under Algo Engine buy conditions and we now add the stock to our watchlist.

Appen Limited is a locally owned publicly listed company that derives revenue from the provision of data solutions and services for machine learning and artificial intelligence applications, utilised by government agencies, auto manufacturers and global technology firms.

Watch for the momentum indicators to turn positive within the $26 – $30 range.

Appen is under Algo Engine buy conditions and we now add the stock to our watchlist. Monday I’ll update the financials and review the fundamental support for earnings growth in the current economic environment.