Italian stock alert

ITALY

CLOSING UPDATE: Credito Valtellinese keeps sliding: down 9.5% in 3 days 18 January 2018 18:15 CET

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).

Credito Valtellinese, Italy's 15th largest bank by market capitalisation, extended its slide on Thursday, shedding an additional 42.0c (or 4.0%) to trade at EUR10.05. Trading volume was 1.2 times average at the end of the day. The shares have fallen EUR1.06 (or 9.5%) over the past three trading days vs. the FTSE MIB Index which has risen 0.4% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 1.14 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

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

+ The price plummeted 11.1% in the last week and 17.6% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR211 [vs EUR1,221 for the FTSE MIB Index].

Note

Credito Valtellinese today is at a discount of 81.0% to the 12-month high of EUR52.75 on 24 Jan, 2017. It is at a premium of 16.9% to the 12-month low of EUR8.60 on 17 Nov, 2017.

TODAY'S ALERTS

Afternoon Alert: Credito Valtellinese in 3rd consecutive fall, nears three-month low

18 January 2018 13:07 CET

Credito Valtellinese S.C (MI:CVAL) slipped further on Thursday, sliding an additional 28.0c (or 2.7%) to trade at EUR10.19. The stock decreased 1.62% on Tuesday and 4.21% on Wednesday bringing its 3-day fall to 8.3%. It is now approaching its 58-day low of EUR10.0.

Morning Alert: Credito Valtellinese in 3rd consecutive fall, nears three-month low

18 January 2018 11:07 CET

Credito Valtellinese S.C (MI:CVAL) slipped further on Thursday, sliding an additional 15.0c (or 1.4%) to trade at EUR10.32. The stock decreased 1.62% on Tuesday and 4.21% on Wednesday bringing its 3-day fall to 7.1%. It is now approaching its 58-day low of EUR10.0.

RECENT ALERTS

CLOSING UPDATE: Credito Valtellinese down 5.8% in 2 days

17 January 2018 18:16 CET

Credito Valtellinese, Italy's 15th largest bank by market capitalisation, extended its slide on Wednesday, shedding an additional 46.0c (or 4.2%) to trade at EUR10.47. Trading volume was 85% of average at the end of the day. The shares have fallen 64.0c (or 5.8%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.1% in the same period.

Afternoon Alert: Credito Valtellinese continues significant downtrend, drops 2.0%

17 January 2018 13:07 CET

Credito Valtellinese S.C (MI:CVAL) continued its significant downtrend and dropped 22.0c (or 2.0%) to trade at EUR10.71 today.

Credito Valtellinese S.C (MI:CVAL; BIT:CVAL; IM:CVAL)

ISIN: IT0005319444

PermID: 4295875599

Source: www.BuySellSignals.com