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Current Active Alert Management ADH
Time Frame : Daily/Weekly
Sector : Retailing/Consumer Cyclical
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ADH – Adairs Limited
ADH gapped up yesterday giving us the opportunity to take a partial exit and lock away some gains. Today the price has continued higher so we are happy to lock in further gains on the remaining alert. Moving the remaining Stop Loss up to 2.15 from 1.72. We are watching to see if the positive sentiment can push price up to test 2.60 where we will re-assess the action on the remaining position.
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Stock Code : ADH – Adairs Limited
Company Website : www.adairs.com.au
Current Price : 2.29
Previous Buy Entry (Trigger Level) : 1.85
New Remaining Sell Exit Zone (Stop Loss/Cancel Level) : 2.15
Previous 50% Partial Exit Level (Partial Target) : 2.05
Status : On watch for Continuation Higher
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Alert History
ADH opened strong after positive news so happy to take a partial exit at the current price of 2.05. The remaining stop loss is at 1.72 for now.
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Previous Alert 13/11/19
ADH has rallied and triggered the Buy Entry Level at 1.85 so the alert is now active. The Stop Loss is held at 1.72 and the current price is trading at 1.855.
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Original Buy Alert 12/11/19
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
