Italian stock alert

ITALY

CLOSING UPDATE: Banco Bpm decreases further 0.8%, led Financial services sector lower 18 May 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).

Banco Bpm, Italy's 3rd largest financial services company by market capitalisation, has tumbled 6.3% to trade at EUR2.66 vs. the Financial services sector which weakened 1,140.8 points (or 1.2%) to 92,009.1. Representing a weighting of about 9.4% of the sector, the stock accounted for 49.0% of today's loss. The shares have underperformed 94% of the market in the past week. Trading volume was 2.3 times average at the end of the day. Compared with the FTSE MIB Index which fell 352.3 points (or 1.5%) in the day, this represented a relative price change of -4.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the Italian market, the stock's relative price strength percentile is falling at 45 for 6 months, 11 for 3 months and 7 for 1 month.

+ The price plummeted 10.1% in the last week.

TODAY'S ALERTS

Afternoon Alert: Banco Bpm sinks 5.6%, leads Financial services sector lower

18 May 2018 14:06 CEST

Banco Bpm SpA (MI:BAMI) has sunk 5.6% to trade at EUR2.68 vs. the Financial services sector which weakened 675.8 points (or 0.7%) to 92,474.1. Representing a weighting of about 9.4% of the sector, the stock accounted for 72.9% of today's loss. The shares have underperformed 93% of the market in the past week. Trading volume was 1.9 times average so far today.

Afternoon Alert: Banco Bpm sinks 4.9%, leads Financial services sector lower

18 May 2018 12:08 CEST

Banco Bpm SpA (MI:BAMI) has sunk 4.9% to trade at EUR2.70 vs. the Financial services sector which weakened 702.3 points (or 0.8%) to 92,447.5. Representing a weighting of about 9.5% of the sector, the stock accounted for 62.6% of today's loss. The shares have underperformed 92% of the market in the past week. Trading volume was 1.5 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Banco Bpm up 2.4% in 2 days

14 May 2018 19:18 CEST

Banco Bpm, Italy's 3rd largest financial services company by market capitalisation, extended its gains on Monday, rising an additional 4.0c (or 1.4%) to trade at EUR3.0. Trading volume was 70% of average at the end of the day. The shares have risen 7.0c (or 2.4%) over the past two trading days vs. the FTSE MIB Index which has risen 0.8% in the same period.

Afternoon Alert: Banco Bpm inches higher, resistance at 12-day EMA

14 May 2018 12:07 CEST

Banco Bpm SpA (MI:BAMI) has increased 1.0% but fell short of the 12-day Exponential Moving Average [EMA] of EUR3.0.

Banco Bpm SpA (MI:BAMI; BIT:BAMI; IM:BAMI)

ISIN: IT0005218380

PermID: 5052789878

Source: www.BuySellSignals.com