Italian stock alert

ITALY

CLOSING UPDATE: Brioschi Sviluppo Immobiliare hits 52-week high second time in one month 21 July 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).

Brioschi Sviluppo Immobiliare, Italy's 6th largest real estate company by market capitalisation, hit a 52-week high of 7.90c today for the second time in the past one month and last traded at 7.65c. This brought its two-day rise to 0.69c or 9.9%. Trading volume was 3.5 times average at the end of the day. Compared with the FTSE MIB Index which fell 22.7 points (or 0.1%) in the day, this represented a relative price increase of 3.6%.

Technical indicators complementing today's significant uptrend:

+ The 3.2% discount to 12-month high of 7.90c against the 74.3% premium to 12-month low of 4.39c suggests the stock continues to push for new highs.

+ In the last one month the stock has hit a new 52-week high twice and in the last three months six times, pointing to an uptrend.

+ The price jumped 9.3% in the last week and soared 13.0% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR1,545 [vs EUR1,262 for the FTSE MIB Index].

Note

The stock has outperformed 78% of the Italian market over the past 6 months.

TODAY'S ALERTS

Afternoon Alert: Brioschi Sviluppo Immobiliare up 12.4% in 2 days

21 July 2017 14:06 CEST

Brioschi Sviluppo Immobiliare (MI:BRI) extended its gains on Friday, rising an additional 0.43c (or 5.8%) to trade at 7.82c. Trading volume was 2.5 times average so far today. The shares have risen 0.86c (or 12.4%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.9% in the same period.

Afternoon Alert: Brioschi Sviluppo Immobiliare up 12.1% in 2 days

21 July 2017 12:13 CEST

Brioschi Sviluppo Immobiliare (MI:BRI) extended its gains on Friday, rising an additional 0.41c (or 5.5%) to trade at 7.80c. Trading volume was 2.5 times average so far today. The shares have risen 0.84c (or 12.1%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.3% in the same period.

RECENT ALERTS

Afternoon Alert: Brioschi Sviluppo Immobiliare increases 0.7% - outperforming 84% of stocks

17 July 2017 14:06 CEST

Brioschi Sviluppo Immobiliare (MI:BRI) has increased 0.05c (or 0.7%) today to trade at 7.05c and has outperformed 84% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Afternoon Alert: Brioschi Sviluppo Immobiliare lifts 2.3% - outperforming 91% of stocks

17 July 2017 12:07 CEST

Brioschi Sviluppo Immobiliare (MI:BRI) has lifted 0.16c (or 2.3%) today to trade at 7.16c and has outperformed 91% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Brioschi Sviluppo Immobiliare (MI:BRI; BIT:BRI; IM:BRI)

ISIN: IT0000066180

PermID: 4295875298

Source: www.BuySellSignals.com