Italian stock alert

ITALY

CLOSING UPDATE: Interpump Group hits 52-week high fifth time in five months 17 October 2017 19:18 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).

Interpump Group, Italy's 6th largest industrial goods & services company by market capitalisation, hit a 52-week high of EUR27.96 today for the fifth time in the past five months and last traded at EUR27.65. This brought its three-day rise to EUR1.47 or 5.6%. Trading volume was 4.1 times average at the end of the day. Compared with the FTSE MIB Index which fell 23.2 points (or 0.1%) in the day, this represented a relative price increase of 5.0%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.44 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Italian market, the stock's relative price strength percentile is improving at 71 for 6 months, 73 for 3 months and 88 for 1 month.

+ In the last three months the stock has hit a new 52-week high once.

+ The present value of EUR1,000 invested one year ago is EUR1,815 [vs EUR1,343 for the FTSE MIB Index].

Note

Overbought/Bearish:

The 1.1% discount to 12-month high of EUR27.96 against the 104.9% premium to 12-month low of EUR13.49 suggests the climb might be peaking.

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

Overvaluation:

Dividend yield of 0.7% [1.5%]

TODAY'S ALERTS

Afternoon Alert: Interpump Group accelerates rise, now up 4.6% in 2 days

17 October 2017 14:09 CEST

Interpump Group (MI:IP) is up EUR1.20 (or 4.6%) over the past two trading days. After rising 0.5% on Monday, the stock rose 4.1% on Tuesday to trade at EUR27.42 vs. the FTSE MIB Index that is down 0.04% in the same period.

Afternoon Alert: Interpump Group hits 52-week high fifth time in five months

17 October 2017 12:13 CEST

Interpump Group (MI:IP) hit a 52-week high of EUR27.45 today for the fifth time in the past five months and last traded at EUR27.32. This brought its three-day rise to EUR1.14 or 4.4%. Trading volume was 4.7 times average so far today.

Interpump Group (MI:IP; BIT:IP; IM:IP)

ISIN: IT0001078911

PermID: 4295875541

Source: www.BuySellSignals.com