Russian stock alert
Afternoon Alert: Acron hits 52-week high fifth time in one month 16 January 2018 14:08 SAMT
NEWS BITES - BRIC
JSC Acron (MICEX:AKRN) hit a 52-week high of RUB4,289.0 today for the fifth time in the past one month and last traded at RUB4,142.0. This brought its three-day rise to RUB192.0 or 4.9%. Trading volume was 3.6 times average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 65.51 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 3.4% discount to 12-month high of RUB4,289.0 against the 68.1% premium to 12-month low of RUB2,464.0 suggests the stock continues to push for new highs.
+ In the last one month the stock has hit a new 52-week high five times and in the last three months nine times, pointing to a significant uptrend.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 5.7% [1.3%]
The stock has outperformed 76% of the Russian market over the past 6 months.
JSC Acron (M:AKRN; MCX:AKRN; MM:AKRN; RM:AKRN)