Leighton Holdings Limited (LEI) subsidiary John Holland in partnership with Abigroup has been appointed as contractor alliance partner for the Bulk Water Alliance (“BWA”), a major water security project in the ACT. Leighton said the $300 million project was expected be completed by 2011.
leighton has had a pretty big run for the kind of market we've been in/still in, its run from roughly $43 to $58 huge run, 13 straight dollars booyah. Bit of profit taking going on with such a strong run, got into overbought territory with all the excitment, i think it will probably continue the rough ride down and up the $52 $50 and $48 levels look good for support $48 looks unlikely but i wouldnt rule it out especially in this market, healthy pullback is what the stock needs imo.
LEI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
