Russian stock alert
Afternoon Alert: Rosneft decreases 0.7%, leads Oil & gas sector lower 19 January 2018 14:06 SAMT
NEWS BITES - BRIC
OJSC OC Rosneft (MICEX:ROSN) has decreased 0.7% to trade at RUB330.0 vs. the Oil & gas sector which weakened 6.2 points (or 0.3%) to 2,202.4. Representing a weighting of about 22.5% of the sector, the stock accounted for 55.7% of today's loss. Trading volume was 85% of average so far today.
Current indications of bearish signals that support the trend in the unusual trading:
+ In the last three months the stock has hit a new 52-week low twice.
Rosneft today is at a discount of 18.5% to the 12-month high of RUB404.85 on 02 Feb, 2017. It is at a premium of 15.4% to the 12-month low of RUB286.0 on 04 Dec, 2017.
The positive 8.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
OJSC OC Rosneft (M:ROSN; MCX:ROSN; MM:ROSN; RM:ROSN)