German stock alert

GFR

Afternoon Alert: MorphoSys lifts 2.2% - outperforming 94% of stocks 18 June 2018 13:15 CEST

NEWS BITES - EUROPE

MorphoSys AG (ETR:MOR) has lifted EUR2.15 (or 2.2%) today to trade at EUR98.45 and has outperformed 94% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Current indications of bullish signals that support the trend in the unusual trading:

+ The positive 2.27 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last three months the stock has hit a new 52-week high eleven times, pointing to a significant uptrend.

+ The price climbed 4.8% in the last week and soared 10.2% in the last month.

Other Bullish Signals include:

+ Revenue growth rate has shown signs of recovery in recent years.

Note

Bearish Signals:

Tobin's Q Ratio is 7. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Overbought/Bearish:

The 0.8% discount to 12-month high of EUR99.20 against the 78.8% premium to 12-month low of EUR55.05 suggests the climb might be peaking.

MorphoSys AG (DE:MOR; ETR:MOR; GR:MOR)

ISIN: DE0006632003

PermID: 4295869785

Source: www.BuySellSignals.com