TRADESETUP

October 9, 2019

Price gaps lower after news release highlights slower than expected growth

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FLT re-opened lower after a news release today to trigger the Stop Loss level so the alert is now closed.

Alert History

Previous Alert 5/9/19

Buyers pushed price higher after the open to trigger the Buy Entry Level on FLT at 48.60 so the alert is now active. The Stop Loss is held at 45.80 and the current price is 48.32.

Original Buy Entry Alert 4/09/19

New Buy Entry Alert FLT

Time Frame : Daily/Weekly

Sector : Consumer Services

Key Stats : $4.88 Billion Market Cap, VWAP 47.863, ASX Ranking 89, 4 Week Av Turnover $22,872,195, Current Turnover (Intraday as at time of alert) $7,789,398, PE 18.4, Div Yield 3.28%.

Company Overview : Flight Centre Travel Group Limited (FLT, formerly Flight Centre Limited) is engaged in travel agency business. The Company provides a complete travel service for leisure and business travellers in Australia, New Zealand, the United States, Canada, the United Kingdom, Africa, Middle East, Asia, New Zealand, and Europe. FLT consists of more than 30 brands with four categories of brands which are Leisure, Corporate, Wholesale and other. The flagship brand is Flight Centre leisure brand.

Broker Consensus : BUY

FLT – Flight Centre Travel Group Limited

FLT is finding some support off the 40.00 level and is holding a higher low around 42.00. If the buyers start to pick up steam and get moving then we expect that price could kick a lot higher. Happy to buy on a push up through 48.60 with a Stop Loss at 45.80. If price falls below 45.80 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : FLT – Flight Centre Travel Group Limited

Company Website : www.flightcentre.com.au

Current Price : 48.03

New Potential Buy Entry (Trigger Level) : 48.60

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 45.80

Status : On watch for Buy Entry Trigger

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