Italian stock alert

ITALY

CLOSING UPDATE: Mondadori Editore up 10.7% in 2 days 18 October 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).

Mondadori Editore, Italy's 3rd largest media company by market capitalisation, extended its gains on Wednesday, rising an additional 24.0c (or 10.3%) to trade at EUR2.58. Trading volume was 8.2 times average at the end of the day. The shares have risen 25.0c (or 10.7%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.3% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.13 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Italian market, the stock's relative price strength percentile is rising at 96 for 6 months, 96 for 3 months and 97 for 1 month.

+ In the last one month the stock has hit a new 52-week high eleven times and in the last three months fifteen times, pointing to a significant uptrend.

+ The price soared 24.0% in the last week and 33.7% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR2,826 [vs EUR1,318 for the FTSE MIB Index].

TODAY'S ALERTS

Afternoon Alert: Mondadori Editore hits 52-week high eleventh time in one month

18 October 2017 14:09 CEST

Mondadori Editore (MI:MN) hit a 52-week high of EUR2.44 today for the 11th time in the past one month and last traded at EUR2.43. This brought its two-day rise to 10.0c or 4.3%. Trading volume was 1.2 times average so far today.

Afternoon Alert: Mondadori Editore hits 52-week high eleventh time in one month

18 October 2017 12:09 CEST

Mondadori Editore (MI:MN) hit a 52-week high of EUR2.44 today for the 11th time in the past one month and last traded at EUR2.40. This brought its two-day rise to 7.0c or 3.0%. Trading volume was 1.1 times average so far today.

Mondadori Editore (MI:MN; BIT:MN; IM:MN)

ISIN: IT0001469383

PermID: 4295875311

Source: www.BuySellSignals.com