Price is weathering the storm but hold long can it hold up under selling pressure

Potential Sell Entry Alert AIA

 

Time Frame : Weekly

Sector : Transportation

Key Stats : $7.7 Billion Market Cap, VWAP 6.28, ASX Ranking 53, 4 Week Av Turnover $822,100, Current Turnover (Intraday as at time of alert) $148,192, PE 12.8, Div Yield 3.16%.

Company Overview : Auckland International Airport Limited (AIA) provides airport facilities and supporting infrastructure in Auckland, New Zealand. The company offers services that facilitate the movement of aircraft, passengers, and cargo, as well as utility services, which support the airport; and leases space for facilities, such as terminals and cargo buildings, investment properties, and hangars. It also provides services to the retailers within the terminals; and car parking facilities for passengers, visitors, and airport staff. In addition, the company has investments in Cairns Airport and Mackay Airport in Queensland, Australia; Queenstown Airport in New Zealand; and the Tainui Auckland Airport Hotel Limited Partnership that operates the Novotel hotel at Auckland Airport. It serves 30 international airlines.

Broker Consensus : NONE

 

AIA – Auckland International Airport Limited

AIA is weathering the storm but how long can the price hold up under selling pressure. Sellers are coming on stronger but still have some string support levels to push through. If these levels are broken there is quite a bit of fuel to stoke a strong move lower.

 

Stock Code : AIA – Auckland International Airport Limited

Company Website : www.aucklandairport.co.nz

Current Price : 6.26

Status : On watch for Sell entry setup