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New Buy Entry Alert ADH
Time Frame : Daily/Weekly
Sector : Retailing/Consumer Cyclical
Key Stats : $296.92 Million Market Cap, VWAP 1.805, ASX Ranking 483, 4 Week Av Turnover $881,123, Current Turnover (Intraday as at time of alert) $241,226, PE 10.0, Div Yield 8.10%.
Company Overview : Adairs Limited (ADH) ) is a retailer of manchester and homewares in Australia and New Zealand. Its strategy is to present customers with a differentiated proposition, which combines on-trend fashion products, quality staples, strong value and superior in-store customer service. ADH has brands like Adairs (including Adairs Homemaker and Adairs Factory Outlets), Adairs Kids and Urban Home Republic.
Broker Consensus : Not covered by a major broker
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ADH – Adairs Limited
ADH held up well under recent selling pressure as buyers supported a higher level. We are looking for this action to continue and an increase of interest from buyers to push price up through 2.00 and target highs. We are happy to buy on a push up through 1.85 with a Stop Loss at 1.72. If price falls below 1.72 prior to entry, we will cancel the alert and re-assess the action.
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Stock Code : ADH – Adairs Limited
Company Website : www.adairs.com.au
Current Price : 1.795
New Potential Buy Entry (Trigger Level) : 1.85
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 1.72
Status : On watch for Buy Entry Trigger
