Italian stock alert
CLOSING UPDATE: OVS climbs 5.5% on extraordinary volume 19 January 2018 18:15 CET
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).
OVS traded on heavy volume of 3.8 times average today while the price climbed 32.0c (or 5.5%) to trade at EUR6.12. Compared with the FTSE MIB Index which rose 118.4 points (or 0.5%) in the day, this represented a relative price increase of 5.0%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.04 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price lifted 3.9% in the last week and jumped 9.5% in the last month.
OVS today is at a discount of 11.6% to the 12-month high of EUR6.92 on 15 Sep, 2017. It is at a premium of 23.5% to the 12-month low of EUR4.96 on 30 Jan, 2017.
The stock has underperformed 70% of the Italian market over the past 6 months.
Afternoon Alert: OVS climbs 5.0% - outperforming 85% of stocks
19 January 2018 13:08 CET
OVS SpA (MI:OVS) has climbed 29.0c (or 5.0%) today to trade at EUR6.09 and has outperformed 85% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.
OVS SpA (MI:OVS; BIT:OVS; IM:OVS)