Ardent Leisure Group (AAD.ASX)

18 October 2017









Technical Summary: The 1 year chart for AAD has been volatile reflecting the sometimes dramatic events associated with the fundamental side of the business. From a long term perspective the stock has been in a slow moving downtrend that has been punctuated by wildly fluctuating lower highs and lows. It could be argued that the stock has rounded out a bottom here with the company recently making a significant low that is higher. However we believe that from a technical perspective it has yet to prove itself and we would like to see more constructive behaviour before we consider the stock to be buyable.

It has been a wild ride for AAD with the stock making some volatile moves.

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]