Italian stock alert

ITALY

CLOSING UPDATE: Reno de Medici hits 52-week high second time in one month 18 June 2018 19:15 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).

Reno de Medici, Italy's 21st largest industrial goods & services company by market capitalisation, hit a 52-week high of EUR1.05 today for the second time in the past one month and last traded at 97.80c. This brought its five-day rise to 18.20c or 22.9%. Trading volume was 4.2 times average at the end of the day. Compared with the FTSE MIB Index which fell 91.2 points (or 0.4%) in the day, this represented a relative price increase of 6.7%.

Technical indicators complementing today's significant uptrend:

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

+ The stock has outperformed 99% of the Italian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high twice and in the last three months thrice.

+ The present value of EUR1,000 invested one year ago is EUR2,804 [vs EUR1,055 for the FTSE MIB Index].

Note

Reno de Medici today is at a discount of 6.9% to the 12-month high of EUR1.05 on 18 Jun, 2018. It is at a premium of 189.2% to the 12-month low of 33.82c on 28 Jun, 2017.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Dividend yield of 0.3% [2.0%]

TODAY'S ALERTS

Afternoon Alert: Reno de Medici keeps rising: up 26.9% in 5 days

18 June 2018 14:06 CEST

Reno de Medici (MI:RM) extended its gains on Monday, rising an additional 9.0c (or 9.8%) to trade at EUR1.01. Trading volume was 2.3 times average so far today. The shares have risen 21.40c (or 26.9%) over the past five trading days vs. the FTSE MIB Index which has fallen 0.3% in the same period.

Afternoon Alert: Reno de Medici keeps rising: up 31.9% in 5 days

18 June 2018 12:07 CEST

Reno de Medici (MI:RM) extended its gains on Monday, rising an additional 13.0c (or 14.1%) to trade at EUR1.05. Trading volume was 1.3 times average so far today. The shares have risen 25.40c (or 31.9%) over the past five trading days vs. the FTSE MIB Index which has risen 0.1% in the same period.

RECENT ALERTS

CLOSING UPDATE: Reno de Medici keeps rising: up 15.6% in 4 days

15 June 2018 19:15 CEST

Reno de Medici, Italy's 21st largest industrial goods & services company by market capitalisation, extended its gains on Friday, rising an additional 9.80c (or 11.9%) to trade at 92.0c. Trading volume was 4.9 times average at the end of the day. The shares have risen 12.40c (or 15.6%) over the past four trading days vs. the FTSE MIB Index which has risen 0.5% in the same period.

Afternoon Alert: Reno de Medici keeps rising: up 9.7% in 4 days

15 June 2018 14:06 CEST

Reno de Medici (MI:RM) extended its gains on Friday, rising an additional 5.10c (or 6.2%) to trade at 87.30c. Trading volume was 5.1 times average so far today. The shares have risen 7.70c (or 9.7%) over the past four trading days vs. the FTSE MIB Index which has risen 1.0% in the same period.

Reno de Medici (MI:RM; BIT:RM; IM:RM)

ISIN: IT0001178299

PermID: 4295875628

Source: www.BuySellSignals.com