UK stock alert
Afternoon Alert: Biffa lifts 3.6%, leads Support services sector higher 17 August 2018 15:58 BST
NEWS BITES - EUROPE
Biffa PLC (L:BIFF) has lifted 3.6% to trade at GBP243.0 vs. the Support services sector which strengthened 50.1 points (or 0.3%) to 15,195.7. Representing a weighting of about 17.2% of the sector, the stock accounted for the gain. The shares have outperformed 90% of the market in the past week. Trading volume was 94% of average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The 4.5% discount to 12-month high of GBP254.34 against the 24.7% premium to 12-month low of GBP194.80 suggests the stock continues to push for new highs.
+ The price lifted 3.4% in the last week and 3.4% in the last month.
Other Bullish Signals include:
+ Revenue growth rate is positive and has seen consecutive rises in recent years.
The negative 0.1 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Return on Capital Employed 4.9% [11.9%]
Return on Assets 2.9% [5.6%]
Return on Equity 9.1% [16.7%]
Biffa PLC (L:BIFF; LON:BIFF; LN:BIFF)