Italian stock alert

ITALY

CLOSING UPDATE: Saipem decreases further 0.5%, led market lower 17 August 2018 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 dropped 3.3% to trade at EUR4.41 vs. the FTSE MIB Index which weakened 108.9 points (or 0.5%) to 20,415.3. Representing a weighting of about 10.3% of the index, the stock accounted for 63.8% of today's loss. Trading volume was 59% of average at the end of the day. Compared with the FTSE MIB Index which fell 108.9 points (or 0.5%) in the day, this represented a relative price change of -2.8%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.7% in the last week.

Note

Bullish Signals:

The positive 0.12 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 5.8% discount to 12-month high of EUR4.68 against the 50.0% premium to 12-month low of EUR2.94 suggests the stock continues to push for new highs.

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

TODAY'S ALERTS

Afternoon Alert: Saipem drops 2.9%, leads market lower

17 August 2018 14:12 CEST

Saipem (MI:SPM) has dropped 2.9% to trade at EUR4.43 vs. the FTSE MIB Index which weakened 222.3 points (or 1.1%) to 20,301.8. Representing a weighting of about 10.4% of the index, the stock accounted for 27.4% of today's loss. Trading volume was 43% of average so far today.

Afternoon Alert: Saipem drops 3.3%, leads market lower

17 August 2018 12:08 CEST

Saipem (MI:SPM) has dropped 3.3% to trade at EUR4.41 vs. the FTSE MIB Index which weakened 176.7 points (or 0.9%) to 20,347.5. Representing a weighting of about 10.3% of the index, the stock accounted for 39.4% of today's loss. Trading volume was 36% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Saipem up 4.3% in 2 days

14 August 2018 19:16 CEST

Saipem, Italy's 2nd largest oil & gas company by market capitalisation, extended its gains on Tuesday, rising an additional 17.0c (or 3.8%) to trade at EUR4.63. Trading volume was 1.9 times average at the end of the day. The shares have risen 19.0c (or 4.3%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.9% in the same period.

Afternoon Alert: Saipem up 3.6% in 2 days

14 August 2018 15:08 CEST

Saipem (MI:SPM) extended its gains on Tuesday, rising an additional 14.0c (or 3.1%) to trade at EUR4.60. Trading volume was 3.7 times average so far today. The shares have risen 16.0c (or 3.6%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.8% in the same period.

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

ISIN: IT0005252140

PermID: 4295875616

Source: www.BuySellSignals.com