Italian stock alert

ITALY

CLOSING UPDATE: Infrastrutture Wireless Italiane hits 52-week high fourth time in one month 20 April 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).

Infrastrutture Wireless Italiane hit a 52-week high of EUR6.72 today for the fourth time in the past one month and last traded at EUR6.67. Trading volume was 2.5 times average at the end of the day. Compared with the FTSE MIB Index which rose 37.3 points (or 0.2%) in the day, this represented a relative price increase of 4.9%.

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 91% of the Italian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high four times, pointing to an uptrend.

+ The price lifted 2.6% in the last week and jumped 7.8% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR1,412 [vs EUR1,200 for the FTSE MIB Index].

Other Bullish Signals include:

+ Interest cover is less leveraged at 34.7 times.

+ Total Liabilities/EBITDA of 2.6 is comfortably below the Joseph Piotroski benchmark of <5.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 4.4%.

Note

Bearish Signals:

Tobin's Q Ratio is 2.3. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Overbought/Bearish:

The 0.7% discount to 12-month high of EUR6.72 against the 39.3% premium to 12-month low of EUR4.79 suggests the climb might be peaking.

TODAY'S ALERT

Afternoon Alert: Infrastrutture Wireless Italiane hits 52-week high fourth time in one month

20 April 2018 12:08 CEST

Infrastrutture Wireless Italiane SpA (MI:INW) hit a 52-week high of EUR6.69 today for the fourth time in the past one month and last traded at EUR6.65. Trading volume was 2.5 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Infrastrutture Wireless Italiane accelerates slide, now down 3.1% in 2 days

17 April 2018 19:16 CEST

Infrastrutture Wireless Italiane is down 20.0c (or 3.1%) over the past two trading days. After falling 1.4% on Monday, the stock fell 1.7% on Tuesday to trade at EUR6.30 vs. the FTSE MIB Index that is up 1.4% in the same period.

Afternoon Alert: Infrastrutture Wireless Italiane keeps sliding: down 3.4% in 3 days

17 April 2018 14:06 CEST

Infrastrutture Wireless Italiane SpA (MI:INW) extended its slide on Tuesday, shedding an additional 12.0c (or 1.9%) to trade at EUR6.29. Trading volume was 1.3 times average so far today.

Infrastrutture Wireless Italiane SpA (MI:INW; BIT:INW; IM:INW)

ISIN: IT0005090300

Source: www.BuySellSignals.com