Italian stock alert

ITALY

CLOSING UPDATE: Saipem decreases further 0.6%, led market lower 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).

Saipem, Italy's 2nd largest oil & gas company by market capitalisation, has decreased 1.4% to trade at EUR3.50 vs. the FTSE MIB Index which weakened 23.2 points (or 0.1%) to 22,405.1. Representing a weighting of about 7.6% of the index, the stock accounted for the loss. The shares have underperformed 95% of the market in the past week. Trading volume was 70% of 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 change of -1.3%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.

+ The price sank 4.1% in the last week.

Note

Saipem today is at a discount of 39.7% to the 12-month high of EUR5.80 on 03 Jan, 2017. It is at a premium of 19.1% to the 12-month low of EUR2.94 on 30 Aug, 2017.

Bullish Signals:

The positive 0.04 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

TODAY'S ALERTS

Afternoon Alert: Saipem decreases 0.8%, leads market lower

17 October 2017 14:09 CEST

Saipem (MI:SPM) has decreased 0.8% to trade at EUR3.52 vs. the FTSE MIB Index which weakened 23.2 points (or 0.1%) to 22,405.1. Representing a weighting of about 7.7% of the index, the stock accounted for 65.0% of today's loss. The shares have underperformed 94% of the market in the past week. Trading volume was 77% of average so far today.

Afternoon Alert: Saipem decreases 0.8%, leads market lower

17 October 2017 12:13 CEST

Saipem (MI:SPM) has decreased 0.8% to trade at EUR3.52 vs. the FTSE MIB Index which weakened 68.1 points (or 0.3%) to 22,360.2. Representing a weighting of about 7.7% of the index, the stock accounted for 21.7% of today's loss. The shares have underperformed 93% of the market in the past week. Trading volume was 70% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Saipem decreases gains by 0.6%, led market higher

16 October 2017 19:18 CEST

Saipem, Italy's 2nd largest oil & gas company by market capitalisation, has increased 0.6% to trade at EUR3.55 vs. the FTSE MIB Index which strengthened 14.8 points (or 0.07%) to 22,428.3. Representing a weighting of about 7.7% of the index, the stock accounted for 62.7% of today's gain. Trading volume was 79% of average at the end of the day. Compared with the FTSE MIB Index which rose 14.8 points (or 0.07%) in the day, this represented a relative price increase of 0.5%.

Afternoon Alert: Saipem increases 1.1%, leads market higher

16 October 2017 14:06 CEST

Saipem (MI:SPM) has increased 1.1% to trade at EUR3.57 vs. the FTSE MIB Index which strengthened 38.5 points (or 0.2%) to 22,452.0. Representing a weighting of about 7.8% of the index, the stock accounted for 51.8% of today's gain. Trading volume was 77% of average so far today.

Saipem (MI:SPM; BIT:SPM; IM:SPM)

ISIN: IT0005252140

PermID: 4295875616

Source: www.BuySellSignals.com