Italian stock alert
CLOSING UPDATE: Sogefi increased further 0.2%, led Automobiles sector higher 26 July 2017 19:17 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).
Sogefi, Italy's 3rd largest automobiles company by market capitalisation, has climbed 4.7% to trade at EUR4.48 vs. the Automobiles sector which strengthened 119.9 points (or 0.7%) to 17,594.3. Representing a weighting of about 20.0% of the sector, the stock accounted for the gain. Trading volume was 2.3 times average at the end of the day. Compared with the FTSE MIB Index which rose 120.1 points (or 0.6%) in the day, this represented a relative price increase of 4.1%.
Technical indicators complementing today's significant uptrend:
+ In the last three months the stock has hit a new 52-week high eleven times, pointing to a significant uptrend.
+ The present value of EUR1,000 invested one year ago is EUR3,107 [vs EUR1,292 for the FTSE MIB Index].
The negative 0.12 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
The price dropped 3.2% in the last week and plummeted 13.7% in the last month.
Afternoon Alert: Sogefi climbs 4.4%, leads Automobiles sector higher
26 July 2017 14:06 CEST
Sogefi (MI:SO) has climbed 4.4% to trade at EUR4.47 vs. the Automobiles sector which strengthened 172.9 points (or 1%) to 17,647.3. Representing a weighting of about 19.9% of the sector, the stock accounted for 89.3% of today's gain. Trading volume was 1.2 times average so far today.
Afternoon Alert: Sogefi continues significant downtrend, decreases 0.5%
24 July 2017 12:08 CEST
Sogefi (MI:SO) continued its significant downtrend and decreased 2.0c (or 0.5%) to trade at EUR4.35 today.
Sogefi (MI:SO; BIT:SO; IM:SO)