French stock alert

FRA

CLOSING UPDATE: CGG decreases gains by 1.3% on spectacular volume 18 October 2017 18:11 CEST

NEWS BITES - EUROPE

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

CGG, France's largest oil equipment services & distribution company by market capitalisation, traded on heavy volume of 8.0 times average today while the price soared EUR1.04 (or 28.4%) to trade at EUR4.70. Compared with the CAC 40 Index which rose 22.4 points (or 0.4%) in the day, this represented a relative price increase of 28.0%.

Note

CGG today is at a discount of 83.1% to the 12-month high of EUR27.88 on 24 Oct, 2016. It is at a premium of 66.1% to the 12-month low of EUR2.83 on 15 Aug, 2017.

Bearish Signals:

The negative 0.16 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The stock has underperformed 94% of the French market over the past 6 months.

In the last three months the stock has hit a new 52-week low fourteen times, pointing to a significant downtrend.

The price tumbled 6.0% in the last month.

TODAY'S ALERTS

Afternoon Alert: CGG soars 30.1% on extraordinary volume

18 October 2017 14:10 CEST

CGG (FR:CGG) traded on heavy volume of 3.9 times average so far today while the price soared EUR1.10 (or 30.1%) to trade at EUR4.76.

Afternoon Alert: CGG soars 29.0% on extraordinary volume

18 October 2017 12:06 CEST

CGG (FR:CGG) traded on heavy volume of 4.6 times average so far today while the price soared EUR1.06 (or 29.0%) to trade at EUR4.72.

RECENT ALERTS

CLOSING UPDATE: CGG continues significant downtrend, recovers 0.6%

17 October 2017 18:10 CEST

CGG, France's largest oil equipment services & distribution company by market capitalisation, continued its significant downtrend and decreased 7.0c (or 1.9%) to trade at EUR3.66 today. Compared with the CAC 40 Index which fell 1.5 points (or 0.03%) in the day, this represented a relative price change of -1.8%.

Afternoon Alert: CGG continues significant downtrend, drops 2.4%

17 October 2017 14:11 CEST

CGG (FR:CGG) continued its significant downtrend and dropped 9.0c (or 2.4%) to trade at EUR3.64 today.

CGG (FR:CGG; EPA:CGG; PA:CGG; FP:CGG)

ISIN: FR0013181864

PermID: 4295866802

Source: www.BuySellSignals.com