Auckland International Airport Ltd (AIA.NZX)

26 September 2017


Technical Summary: The AIA stock has gone largely sideways for the last year in a consolidation pattern. This is not that surprising when you consider that the company is an Airport and that the prior 4 years the stock had been on a long term uptrend (see 5 year chart). There is not much to say at this point about the chart. The stock has recently pulled back which could be attributed to the fuel supply issues at the airport as well as uncertainty surrounding the New Zealand election, consider immigration issues? It is most likely that AIA will still be the premier airport in New Zealand in 20-30 years time. It is also likely that they will be doing more business then than now. Based on this investors that have a long term view may consider this a viable period to average in and build up a position in the stock. Technically there is support on the chart at around $6 per share and resistance at around $7.40.

Stocks chart reflects the fact that the company is an Airport. The stock has largely consolidated this year after stellar gains over the last few years

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