Italian stock alert
Afternoon Alert: Luxottica Group lifts 2.8%, leads market higher 25 July 2017 14:06 CEST
NEWS BITES - EUROPE
Luxottica Group (MI:LUX) has lifted 2.8% to trade at EUR53.25 vs. the FTSE MIB Index which strengthened 231.4 points (or 1.1%) to 21,558.0. Representing a weighting of about 5.7% of the index, the stock accounted for 14.8% of today's gain. The shares have outperformed 90% of the market in the past week. Trading volume was 2.5 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 EUR55.94 against the 35.7% premium to 12-month low of EUR39.24 suggests the stock continues to push for new highs.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 1.7% [0.5%]
Other Bullish Signals include:
+ Net Profit margin is positive and has seen consecutive rises in recent years.
The negative 0.19 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
The price decreased 0.9% in the last month.
Luxottica Group (MI:LUX; BIT:LUX; IM:LUX)