German stock alert
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.
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.
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)