Spanish stock alert
Afternoon Alert: Saeta Yield continues significant uptrend, increases 1.6% 16 January 2018 13:41 CET
NEWS BITES - EUROPE
Saeta Yield SA (MA:SAY) continued its significant uptrend and increased 18.0c (or 1.6%) to trade at EUR11.30 today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 0.27 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The stock has outperformed 81% of the Spanish market over the past 6 months.
Other Bullish Signals include:
+ Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is undervalued.
As per the Du Pont analysis, Return on Equity is less than stellar at 5.4%.
Saeta Yield SA (MA:SAY; MCE:SAY; MC:SAY; SM:SAY)