Aristocrat Leisure (ALL) is a $45 billion global gaming company. “Over the years, it has expanded into online gaming to accompany its traditional poker machine business,” Michael said.
“It is a business that experiences consistent double digit earnings growth.
“Because of its consistent performance, ALL has been trending well for the past several months.
“For a new entry point, we just need to wait for the share price to ease back a bit.
“During this recent run, the stock has been nicely bouncing off the 50 day Moving Average (blue line).
“It has once again eased back to the 50-day moving average and this should provide another buying opportunity,” Michael said.
Aristocrat Leisure (ALL)
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.
