$ALL:ASX - ARISTOCRAT - Will it break and run this time?Interesting breakout point especially looking at the long term chart below. With an EBITDA of $1.465B (yes billion) might be worth a watch.
Aristocrat Leisure Limited provides gaming solutions. The Company's principal activities include design, development and distribution of gaming content, platforms and systems. The Company's segments include The Americas; Australia and New Zealand, Digital, and International Class III. The Company offers a range of products and services, including electronic gaming machines and casino management systems. The Company also operates within the online social gaming and real money wager markets. The Company, through Video Gaming Technologies, Inc. (VGT), develops, manufactures and distributes casino games for the Class II and emerging markets. It offers Oasis 360, which is a casino management system and contains a portfolio of open-platform technologies. It also offers System 7000 casino management system. The System 7000 family includes System 7000 PRIME, System 7000 eCo and System 7000 Atom. Its ARC cabinets offer a cinematic experience with sweeping, curved and touch-screen technology.
ALL trade ideas
ALL - Long position - BreakoutWeekly chart breakout.
Long term resistance at $32.96 was clearly broken on the back of strong earnings results. Awaiting retest of new support (old resistance).
Chart also shows the power of the golden cross of the WMAs which occured on 25/03/2019. Price broke through 15 week WMA at the time (this was the buy indicator).
Aristocrat Leisure is trading on price to a twenty weeks highAristocrat Leisure shares price is trading on price to a twenty weeks high of $25.65.
Prediction shares price target around 11 per cent or $28.58.
Business Summary.
Aristocrat Leisure Limited provides gaming solutions.
The Company's principal activities include design, development and distribution of gaming content, platforms and systems.
The Company's segments include The Americas; Australia and New Zealand, Digital, and International Class III.
Aristocrat Leisure offers a range of products and services, including electronic gaming machines and casino management systems.
The Company also operates within the online social gaming and real money wager markets. The Company, through Video Gaming Technologies, Inc. (VGT), develops, manufactures and distributes casino games for the Class II and emerging markets.
It offers Oasis 360, which is a casino management system and contains a portfolio of open-platform technologies. It also offers System 7000 casino management system.
The System 7000 family includes System 7000 PRIME, System 7000 eCo and System 7000 Atom.
Its ARC cabinets offer a cinematic experience with sweeping, curved and touch-screen technology.
$ALL being accumulatedThe tight ~12% trading range since late July shows that $ALL is potentially under accumulation with the Sign of Strength today (wide range bar, high volume & high close). If this turns out to be the case then this will be the end of the correction that started in mid-June and the continuation of the long-term uptrend.
Just have to be cautious because it's a late-stage base but follow the trend until it ends imo.