Russian stock alert
Afternoon Alert: IDGC of Center and Volga Region hits 52-week high fifth time in one month 25 July 2017 14:09 SAMT
NEWS BITES - BRIC
IDGC of Center and VoIga Region, JSC (MICEX:MRKP) hit a 52-week high of 23.0 Kopeck today for the fifth time in the past one month and last traded at 21.90 Kopeck. This brought its four-day rise to 2.60 Kopeck or 13.5%. Trading volume was 4.1 times average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The 4.8% discount to 12-month high of 23.0 Kopeck against the 173.8% premium to 12-month low of 8.0 Kopeck suggests the stock continues to push for new highs.
+ The stock has outperformed 93% of the Russian market over the past 6 months.
+ In the last one month the stock has hit a new 52-week high five times and in the last three months eight times, pointing to a significant uptrend.
IDGC of Center and VoIga Region, JSC (M:MRKP; MCX:MRKP; MM:MRKP; RM:MRKP)