UK stock alert

UK

CLOSING UPDATE: Glencore continues significant uptrend, increases further 0.4% 21 September 2018 21:20 BST

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's United Kingdom market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Glencore, the 2nd largest mining company by market capitalisation in the United Kingdom, continued its significant uptrend and climbed GBX15.10 (or 4.7%) to trade at GBX336.80 today. Compared with the FTSE 100 Index which rose 122.9 points (or 1.7%) in the day, this represented a relative price increase of 3.0%.

Technical indicators complementing today's significant uptrend:

+ The positive 2.48 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price soared 11.7% in the last week and 12.6% in the last month.

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

Undervaluation:

+ Price/Sales of 0.3 [0.7]

+ Return on Equity 9.1% [2.5%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

+ As per the Du Pont analysis, Return on Equity of 9.1% is better than sector average of 2.5%.

Note

Glencore today is at a discount of 15.7% to the 12-month high of GBX399.60 on 07 Jun, 2018. It is at a premium of 18.4% to the 12-month low of GBX284.40 on 11 Sep, 2018.

The stock has underperformed 69% of the United Kingdom market over the past 6 months.

Bearish Signals:

In the last three months the stock has hit a new 52-week low twice.

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

Overvaluation:

Dividend yield of 4.4% [5.6%]

Return on Assets 3.8% [5.1%]

Return on Capital Employed 9.4% [11.1%]

TODAY'S ALERTS

Afternoon Alert: Glencore continues significant uptrend, climbs 4.3%

21 September 2018 15:51 BST

Glencore PLC (L:GLEN) continued its significant uptrend and climbed GBX13.90 (or 4.3%) to trade at GBX335.60 today.

Morning Alert: Glencore lifts 2.9% on high volume

21 September 2018 11:02 BST

Glencore PLC (L:GLEN) traded on heavy volume of 2.0 times average so far today while the price lifted GBX9.45 (or 2.9%) to trade at GBX331.15.

RECENT ALERTS

CLOSING UPDATE: Glencore continues significant uptrend, increases 0.7%

20 September 2018 21:28 BST

Glencore, the 2nd largest mining company by market capitalisation in the United Kingdom, continued its significant uptrend and increased GBX2.10 (or 0.7%) to trade at GBX321.70 today. Compared with the FTSE 100 Index which rose 36.2 points (or 0.5%) in the day, this represented a relative price increase of 0.2%.

Afternoon Alert: Glencore keeps rising: up 7.4% in 3 days

20 September 2018 15:51 BST

Glencore PLC (L:GLEN) extended its gains on Thursday, rising an additional GBX2.90 (or 0.9%) to trade at GBX322.50. Trading volume was 1.1 times average so far today. The shares have risen GBX22.15 (or 7.4%) over the past three trading days vs. the FTSE 100 Index which has risen 0.7% in the same period.

Glencore PLC (L:GLEN; LON:GLEN; LN:GLEN)

ISIN: JE00B4T3BW64

PermID: 5027828860

Source: www.BuySellSignals.com