Technical outlook – The leading indicators Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) pattern are currently in a bullish formation.
If this pattern continues, then it is assessed that the market bulls will gather in more significant numbers and lead the challenge to the $32.00 to $34.00. Reassess from there.
Company Overview – Altium Limited (ALU) is engaged in the development and sale of computer software for the design of electronic products.
ALU is based in Australia with sales operations in the Americas; Europe, Middle East and Africa; Greater China; and the Asia Pacific. Former Names: Protel International Limited (PRI), 10/08/2001.