Italian stock alert

ITALY

CLOSING UPDATE: Geox hits 52-week high third time in one month 24 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).

Geox, Italy's 5th largest personal & household goods company by market capitalisation, hit a 52-week high of EUR3.29 today for the third time in the past one month and last traded at EUR3.28. Trading volume was 1.7 times average at the end of the day. Compared with the FTSE MIB Index which rose 124.4 points (or 0.6%) in the day, this represented a relative price increase of 4.2%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.09 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 89% of the Italian market over the past 6 months.

+ The price climbed 5.1% in the last week and soared 11.6% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 0.6% [0.5%]

Note

Overbought/Bearish:

The 0.3% discount to 12-month high of EUR3.29 against the 84.6% premium to 12-month low of EUR1.78 suggests the climb might be peaking.

TODAY'S ALERTS

Afternoon Alert: Geox hits 52-week high third time in one month

24 July 2017 14:06 CEST

Geox (MI:GEO) hit a 52-week high of EUR3.22 today for the third time in the past one month and last traded at EUR3.21. Trading volume was 3.6 times average so far today.

Afternoon Alert: Geox increases 1.9% - outperforming 87% of stocks

24 July 2017 12:08 CEST

Geox (MI:GEO) has increased 6.0c (or 1.9%) today to trade at EUR3.19 and has outperformed 87% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Geox (MI:GEO; BIT:GEO; IM:GEO)

ISIN: IT0003697080

PermID: 4295875840

Source: www.BuySellSignals.com