Aristocrat Leisure Limited (ALL.ASX)

15 August 2018

Technical Summary: Wonderful 5 year performance from ALL. The stock has moved from around $4 per share to just under the $33.50 per share it trades at today. This trend has continued on the 1 year chart with the stock consistently finding its way to new highs. Since a move to a new high in April the stock has moved strongly higher and recently gapped higher on earnings. The stock was clearly overextended at that stage and appears to be consolidating now. This is constructive that the stock is not giving up much ground after a strong run. We would like to see this consolidating continue before hopefully setting up a new buying opportunity.

Strong performance from this market leader

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