Italian stock alert

ITALY

CLOSING UPDATE: Saipem keeps sliding: down 4.8% in 4 days 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).

Saipem, Italy's 2nd largest oil & gas company by market capitalisation, extended its slide on Friday, shedding an additional 3.0c (or 0.9%) to trade at EUR3.36. Trading volume was 45% of average at the end of the day.

Technical indicators complementing today's significant downtrend:

+ The negative 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The stock has underperformed 99% of the Italian market over the past 6 months.

+ In the last three months the stock has hit a new 52-week low thrice.

+ The price sank 4.0% in the last week.

Note

Saipem today is at a discount of 42.1% to the 12-month high of EUR5.80 on 03 Jan, 2017. It is at a premium of 6.7% to the 12-month low of EUR3.15 on 19 Jun, 2017.

TODAY'S ALERT

Afternoon Alert: Saipem keeps sliding: down 4.2% in 4 days

21 July 2017 14:06 CEST

Saipem (MI:SPM) extended its slide on Friday, shedding an additional 1.0c (or 0.3%) to trade at EUR3.38. Trading volume was 48% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Saipem keeps sliding: down 4.0% in 3 days

20 July 2017 19:18 CEST

Saipem, Italy's 2nd largest oil & gas company by market capitalisation, extended its slide on Thursday, shedding an additional 1.0c (or 0.3%) to trade at EUR3.39. Trading volume was 46% of average at the end of the day. The shares have fallen 14.0c (or 4.0%) over the past three trading days vs. the FTSE MIB Index which has fallen 0.2% in the same period.

Afternoon Alert: Saipem increases 0.9%, leads market higher

20 July 2017 14:06 CEST

Saipem (MI:SPM) has increased 0.9% to trade at EUR3.43 vs. the FTSE MIB Index which strengthened 39.8 points (or 0.2%) to 21,518.8. Representing a weighting of about 7.7% of the index, the stock accounted for 35.7% of today's gain. The shares have outperformed 81% of the market in the past month. Trading volume was 52% of average so far today.

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

ISIN: IT0005252140

PermID: 4295875616

Source: www.BuySellSignals.com