South African stock alert

SAFR

CLOSING UPDATE: Greenbay Properties Limited tumbles 8.7% on strong volume 18 January 2018 18:59 SAST

NEWS BITES - AFRICA

This is an end of day Alert, produced after today's South African market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Greenbay Properties Limited traded on heavy volume of 2.6 times average today while the price tumbled 20.0c (or 8.7%) to trade at ZAR2.10. Compared with the FTSE/JSE- Africa Top 40 Index which fell 58.4 points (or 0.1%) in the day, this represented a relative price change of -8.6%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.1 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price decreased 1.4% in the last week and plummeted 17.6% in the last month.

Note

The stock has outperformed 60% of the South African market over the past 6 months.

TODAY'S ALERT

Morning Alert: Greenbay Properties Limited drops 3.0% - underperforming 97% of stocks

18 January 2018 10:51 SAST

Greenbay Properties Limited (J:GRP) has dropped 7.0c (or 3.0%) today to trade at ZAR2.23 and has underperformed 97% of the market in the past month.

RECENT ALERTS

CLOSING UPDATE: Greenbay Properties Limited inches higher, resistance at 12-day EMA

17 January 2018 18:59 SAST

Greenbay Properties Limited has increased 1.8% but fell short of the 12-day Exponential Moving Average [EMA] of ZAR2.33. Compared with the FTSE/JSE- Africa Top 40 Index which rose 291.2 points (or 0.5%) in the day, this represented a relative price increase of 1.3%.

Morning Alert: Greenbay Properties Limited inches higher, resistance at 12-day EMA

17 January 2018 10:52 SAST

Greenbay Properties Limited (J:GRP) has increased 0.9% but fell short of the 12-day Exponential Moving Average [EMA] of ZAR2.33.

Greenbay Properties Limited (J:GRP; JNB:GRP; SJ:GRP)

ISIN: MU0461N00007

PermID: 5044364004

Source: www.BuySellSignals.com