Italian stock alert
Afternoon Alert: UniCredit increases 1.9%, leads market higher 20 September 2018 14:08 CEST
NEWS BITES - EUROPE
UniCredit (MI:UCG) has increased 1.9% to trade at EUR14.17 vs. the FTSE MIB Index which strengthened 151.3 points (or 0.7%) to 21,432.1. Representing a weighting of about 7.0% of the index, the stock accounted for 19.1% of today's gain. The shares have outperformed 86% of the market in the past week. Trading volume was 1.9 times average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 0.08 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price climbed 5.6% in the last week and jumped 9.8% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 2.3% [0.8%]
UniCredit today is at a discount of 22.4% to the 12-month high of EUR18.25 on 25 Apr, 2018. It is at a premium of 14.7% to the 12-month low of EUR12.35 on 03 Sep, 2018.
In the last three months the stock has hit a new 52-week low eight times, pointing to a significant downtrend.
UniCredit (MI:UCG; BIT:UCG; IM:UCG)