South African stock alert

SAFR

CLOSING UPDATE: Advanced Health keeps sliding: down 14.0% in 5 days 18 October 2017 18:58 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).

Advanced Health, South Africa's 4th largest health care company by market capitalisation, extended its slide on Wednesday, shedding an additional 5.0c (or 6.3%) to trade at 74.0c. Trading volume was 69% of average at the end of the day. The shares have fallen 12.0c (or 14.0%) over the past five trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 0.6% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 0.05 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the South African market, the stock's relative price strength percentile is slipping at 2 for 6 months, 2 for 3 months and 1 for 1 month.

+ In the last one month the stock has hit a new 52-week low five times and in the last three months fourteen times, pointing to a significant downtrend.

+ The price plummeted 14.0% in the last week and 22.1% in the last month.

+ The present value of ZAR1,000 invested one year ago is ZAR484 [vs ZAR1,162 for the FTSE/JSE- Africa Top 40 Index].

TODAY'S ALERTS

Afternoon Alert: Advanced Health continues significant downtrend, drops 3.8%

18 October 2017 12:50 SAST

Advanced Health Ltd (J:AVL) continued its significant downtrend and dropped 3.0c (or 3.8%) to trade at 76.0c today.

Morning Alert: Advanced Health accelerates slide, now down 5.0% in 2 days

18 October 2017 10:50 SAST

Advanced Health Ltd (J:AVL) is down 4.0c (or 5.0%) over the past two trading days. After falling 1.2% on Tuesday, the stock fell 3.8% on Wednesday to trade at 76.0c vs. the FTSE/JSE- Africa Top 40 Index that is down 0.6% in the same period.

RECENT ALERTS

CLOSING UPDATE: Advanced Health continues significant downtrend, decreases 1.2%

16 October 2017 18:57 SAST

Advanced Health, South Africa's 4th largest health care company by market capitalisation, continued its significant downtrend and decreased 1.0c (or 1.2%) to trade at 80.0c today. Compared with the FTSE/JSE- Africa Top 40 Index which rose 263.0 points (or 0.5%) in the day, this represented a relative price change of -1.7%.

Afternoon Alert: Advanced Health in 3rd consecutive fall, nears one-month low

16 October 2017 12:50 SAST

Advanced Health Ltd (J:AVL) slipped further on Monday, sliding an additional 3.0c (or 3.7%) to trade at 78.0c. The stock dropped 3.49% on Thursday and 2.41% on Friday bringing its 3-day fall to 9.3%. It is now testing its a 23-day low of 78.0c.

Advanced Health Ltd (J:AVL; JNB:AVL; SJ:AVL)

ISIN: ZAE000189049

PermID: 21540771741

Source: www.BuySellSignals.com