AAD price pushed lower to touch the stop loss level and cancel the alert
Original Alert 18/7/18
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