Italian stock alert
CLOSING UPDATE: Telecom Italia increased 1.0% - outperforming 92% of stocks 26 July 2017 19:17 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).
Telecom Italia, Italy's largest telecommunication company by market capitalisation, has increased 0.90c (or 1.0%) today to trade at 86.65c and has outperformed 92% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the FTSE MIB Index which rose 120.1 points (or 0.6%) in the day, this represented a relative price increase of 0.5%.
Technical indicators complementing today's significant uptrend:
+ The 5.4% discount to 12-month high of 91.60c against the 29.9% premium to 12-month low of 66.70c suggests the stock continues to push for new highs.
+ In the last three months the stock has hit a new 52-week high six times, pointing to an uptrend.
+ The price climbed 4.1% in the last week and jumped 7.5% in the last month.
Afternoon Alert: Telecom Italia in 3rd consecutive rise, nears three-month high
26 July 2017 14:06 CEST
Telecom Italia (MI:TIT) extended its gains Wednesday, rising an additional 0.55c (or 0.6%) to trade at 86.30c. The stock lifted 3.82% on Monday and 1.66% on Tuesday bringing its 3-day rise to 6.2%. It is now approaching its 60-day high of 87.30c.
CLOSING UPDATE: Telecom Italia lifted 3.8% on firm volume
24 July 2017 19:18 CEST
Telecom Italia, Italy's largest telecommunication company by market capitalisation, traded on heavy volume of 1.2 times average today while the price lifted 3.10c (or 3.8%) to trade at 84.35c. Compared with the FTSE MIB Index which rose 124.4 points (or 0.6%) in the day, this represented a relative price increase of 3.2%.
Afternoon Alert: Telecom Italia lifts 2.9%, leads market higher
24 July 2017 14:06 CEST
Telecom Italia (MI:TIT) has lifted 2.9% to trade at 83.60c vs. the FTSE MIB Index which strengthened 36.8 points (or 0.2%) to 21,239.0. Representing a weighting of about 2.9% of the index, the stock accounted for 48.5% of today's gain. The shares have outperformed 88% of the market in the past week. Trading volume was 1.8 times average so far today.
Telecom Italia (MI:TIT; BIT:TIT; IM:TIT)