UK stock alert

UK

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.

Note

Bearish Signals:

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:

Overvaluation:

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)

ISIN: GB00BD8DR117

PermID: 4295894557

Source: www.BuySellSignals.com