Italian stock alert

ITALY

CLOSING UPDATE: Nova Re recovers 3.7% - underperforming 100% of stocks 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).

Nova Re, Italy's 4th largest real estate company by market capitalisation, has dropped 1.38c (or 3.9%) today to trade at 34.12c and has underperformed 100% of the market in the past week. Compared with the FTSE MIB Index which fell 23.2 points (or 0.1%) in the day, this represented a relative price change of -3.8%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.04 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price plummeted 18.2% in the last week and 28.3% in the last month.

Note

Nova Re today is at a discount of 85.2% to the 12-month high of EUR2.31 on 24 Aug, 2017. It is at a premium of 70.6% to the 12-month low of 20.0c on 13 Dec, 2016.

Bullish Signals:

In the last three months the stock has hit a new 52-week high twelve times, pointing to a significant uptrend.

The present value of EUR1,000 invested one year ago is EUR1,706 [vs EUR1,343 for the FTSE MIB Index].

TODAY'S ALERTS

Afternoon Alert: Nova Re tumbles 7.3% - underperforming 100% of stocks

17 October 2017 14:09 CEST

Nova Re (MI:NR) has tumbled 2.60c (or 7.3%) today to trade at 32.90c and has underperformed 100% of the market in the past week.

Afternoon Alert: Nova Re tumbles 7.3% on robust volume

17 October 2017 12:13 CEST

Nova Re (MI:NR) traded on heavy volume of 1.7 times average so far today while the price tumbled 2.60c (or 7.3%) to trade at 32.90c.

RECENT ALERTS

Afternoon Alert: Nova Re jumps 8.0% on high volume

16 October 2017 14:06 CEST

Nova Re (MI:NR) traded on heavy volume of 2.2 times average so far today while the price jumped 2.80c (or 8.0%) to trade at 38.0c.

Afternoon Alert: Nova Re soars 10.3% on strong volume

16 October 2017 12:09 CEST

Nova Re (MI:NR) traded on heavy volume of 2.6 times average so far today while the price soared 3.64c (or 10.3%) to trade at 38.84c.

Nova Re (MI:NR; BIT:NR; IM:NR)

ISIN: IT0001162509

PermID: 4295875683

Source: www.BuySellSignals.com