Buyers putting in the groundwork for a strong move higher

New Buy Entry Alert AAD

Time Frame : Weekly

Sector : Consumer Services/Leisure

Key Stats : $956.83 Million Market Cap, VWAP 2.044, ASX Ranking 245, 4 Week Av Turnover $3,151,411, Div Yield 4.15%.

Company Overview : Ardent Leisure Group (AAD) is an operator of leisure and entertainment assets across Australia, New Zealand and the United States. AAD operates Dreamworld, WhiteWater World, SkyPoint Climb, d’Albora Marinas, AMF and Kingpin bowling centres and Goodlife fitness centres across Australia and New Zealand. AAD also operates the Main Event family entertainment centres in the United States.

 

AAD – Ardent Leisure Group

AAD has been finding some long term buying support at higher levels as the company and price regroup. We are now looking for a longer term move higher and are happy to buy on a push up through 2.11 and will hold the stop loss at 1.90. If price pushes below 1.90 prior to entry, we will re-assess the alert.

 

Stock Code : AAD – Ardent Leisure Group

Company Website : www.ardentleisure.com

Current Price : 2.04

New Buy Entry (Trigger Level) : 2.11

Potential Sell Exit Zone (Stop Loss) : 1.90

Status : On watch for Buy entry trigger