Italian stock alert

ITALY

CLOSING UPDATE: Saipem down 4.2% in 2 days 18 October 2017 19:18 CEST

NEWS BITES - EUROPE

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

Saipem, Italy's 2nd largest oil & gas company by market capitalisation, extended its slide on Wednesday, shedding an additional 10.0c (or 2.9%) to trade at EUR3.40. The shares have fallen 15.0c (or 4.2%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.3% in the same period.

Technical indicators complementing today's significant downtrend:

+ The stock has underperformed 95% of the Italian market over the past 6 months.

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

+ The price decreased 0.3% in the last month.

Note

Saipem today is at a discount of 41.4% to the 12-month high of EUR5.80 on 03 Jan, 2017. It is at a premium of 15.7% to the 12-month low of EUR2.94 on 30 Aug, 2017.

Bullish Signals:

The positive 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

TODAY'S ALERTS

Afternoon Alert: Saipem decreases 1.1%, leads Oil & gas sector lower

18 October 2017 14:09 CEST

Saipem (MI:SPM) has decreased 1.1% to trade at EUR3.46 vs. the Oil & gas sector which weakened 24.8 points (or 0.07%) to 34,422.2. Representing a weighting of about 15.1% of the sector, the stock accounted for the loss. The shares have underperformed 93% of the market in the past six months. Trading volume was 76% of average so far today.

Afternoon Alert: Saipem decreases 0.9%, leads market lower

18 October 2017 12:09 CEST

Saipem (MI:SPM) has decreased 0.9% to trade at EUR3.47 vs. the FTSE MIB Index which weakened 3.1 points (or 0.01%) to 22,334.6. Representing a weighting of about 7.6% of the index, the stock accounted for the loss. The shares have underperformed 93% of the market in the past six months. Trading volume was 52% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Saipem decreases further 0.6%, led market lower

17 October 2017 19:18 CEST

Saipem, Italy's 2nd largest oil & gas company by market capitalisation, has decreased 1.4% to trade at EUR3.50 vs. the FTSE MIB Index which weakened 23.2 points (or 0.1%) to 22,405.1. Representing a weighting of about 7.6% of the index, the stock accounted for the loss. The shares have underperformed 95% of the market in the past week. Trading volume was 70% of average at the end of the day. Compared with the FTSE MIB Index which fell 23.2 points (or 0.1%) in the day, this represented a relative price change of -1.3%.

Afternoon Alert: Saipem decreases 0.8%, leads market lower

17 October 2017 14:09 CEST

Saipem (MI:SPM) has decreased 0.8% to trade at EUR3.52 vs. the FTSE MIB Index which weakened 23.2 points (or 0.1%) to 22,405.1. Representing a weighting of about 7.7% of the index, the stock accounted for 65.0% of today's loss. The shares have underperformed 94% of the market in the past week. Trading volume was 77% of average so far today.

Saipem (MI:SPM; BIT:SPM; IM:SPM)

ISIN: IT0005252140

PermID: 4295875616

Source: www.BuySellSignals.com