Aristocrat Leisure - is price over extended?#ASX #ALL - Aristocrat Leisure
Examining #ALL for July, the strength of buying remains moderate to strong, which is continuing to push the price higher towards the end of July.
Currently on directional indicators in the Blue Chip stock analysis report (marketmonkey.com.au), the price is over extended for a second month. This over-exuberant buying tends to decline into the third month, when prices often weaken.
No convergence as yet with the short-term moving averages, so price is likely to remain bullish in the very short term.
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