MM has mentioned APX a few times of late and it caught my attention again yesterday as it rallied over 4% on a day when many stocks struggled. As we approach Christmas MM believes this is prime candidate to be squeezed towards $15 and potentially much higher – potentially we could reduce Xero (XRO) after its average result last week may see the online accountancy business go quiet for a few months.
MM is bullish APX initially targeting 20% upside
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