UK stock alert

UK

CLOSING UPDATE: Glencore down 2.0% in 2 days 18 October 2017 19:05 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 largest mining company by market capitalisation in the United Kingdom, extended its slide on Wednesday, shedding an additional GBX1.20 (or 0.3%) to trade at GBX374.65. Trading volume was 60% of average at the end of the day. The shares have fallen GBX7.75 (or 2.0%) over the past two trading days vs. the FTSE 100 Index which has risen 0.2% in the same period.

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

Overvaluation:

+ Price to Book of 2.2 [1.7]

+ Dividend yield of 1.4% [3.1%]

+ Return on Capital Employed 1.4% [3.0%]

Note

Bullish Signals:

The positive 6.53 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 3.1% discount to 12-month high of GBX386.70 against the 65.2% premium to 12-month low of GBX226.76 suggests the stock continues to push for new highs.

The stock has outperformed 86% of the United Kingdom market over the past 6 months.

In the last three months the stock has hit a new 52-week high sixteen times, pointing to a significant uptrend.

The price lifted 2.6% in the last week and jumped 8.1% in the last month.

The present value of GBP1,000 invested one year ago is GBP1,633 [vs GBP1,078 for the FTSE 100 Index].

Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

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

Undervaluation:

Price/Sales of 0.5 [1.0]

TODAY'S ALERT

Morning Alert: Glencore increases 0.5% - outperforming 83% of stocks

18 October 2017 11:22 BST

Glencore PLC (L:GLEN) has increased GBX1.80 (or 0.5%) today to trade at GBX377.65 and has outperformed 83% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

RECENT ALERTS

CLOSING UPDATE: Glencore decreases further 1.4%, led Mining sector lower

17 October 2017 19:03 BST

Glencore, the largest mining company by market capitalisation in the United Kingdom, has decreased 1.7% to trade at GBX375.85 vs. the Mining sector which weakened 101.2 points (or 1.1%) to 8,876.1. Representing a weighting of about 26.6% of the sector, the stock accounted for 40.3% of today's loss. Trading volume was 67% of average at the end of the day. Compared with the FTSE 100 Index which rose 20.8 points (or 0.3%) in the day, this represented a relative price change of -2.0%.

Afternoon Alert: Glencore decreases 0.3%, leads Mining sector lower

17 October 2017 15:42 BST

Glencore PLC (L:GLEN) has decreased 0.3% to trade at GBX381.30 vs. the Mining sector which weakened 4.6 points (or 0.05%) to 8,972.7. Representing a weighting of about 26.7% of the sector, the stock accounted for the loss. Trading volume was 75% of average so far today.

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

ISIN: JE00B4T3BW64

PermID: 5027828860

Source: www.BuySellSignals.com