Italian stock alert
Afternoon Alert: IGD SIIQ decreases 0.4%, leads Real estate sector lower 25 July 2017 14:06 CEST
NEWS BITES - EUROPE
IGD SIIQ SpA (MI:IGD) has decreased 0.4% to trade at 83.50c vs. the Real estate sector which weakened 4.6 points (or 0.1%) to 3,141.2. Representing a weighting of about 25.6% of the sector, the stock accounted for 61.2% of today's loss. Trading volume was 92% of average so far today.
Current indications of bearish signals that support the trend in the unusual trading:
+ The 1.1% discount to 12-month high of 84.40c against the 44.5% premium to 12-month low of 57.78c suggests the climb might be peaking.
In the Italian market, the stock's relative price strength percentile is improving at 60 for 6 months, 65 for 3 months and 72 for 1 month.
In the last three months the stock has hit a new 52-week high five times, pointing to an uptrend.
The price increased 0.4% in the last week and lifted 3.7% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Dividend yield of 5.4% [4.2%]
IGD SIIQ SpA (MI:IGD; BIT:IGD; IM:IGD)