Brazilian stock alert

BRAZ

CLOSING UPDATE: Joao Fortes Engenharia drops gains by 3.8% 20 June 2018 17:36 BRT

NEWS BITES - BRIC

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

Joao Fortes Engenharia, Brazil's 16th largest real estate company by market capitalisation, traded on volume of 0.2 times average today while the price soared 29.0 centavos (or 11.6%) to trade at R$2.78. Compared with the Brazil Index 50 which rose 122.7 points (or 1%) in the day, this represented a relative price increase of 10.6%.

Note

Joao Fortes Engenharia today is at a discount of 79.1% to the 12-month high of R$13.30 on 28 Jun, 2017. It is at a premium of 13.0% to the 12-month low of R$2.46 on 19 Jun, 2018.

Bearish Signals:

The stock has underperformed 98% of the Brazilian market over the past 6 months.

In the last three months the stock has hit a new 52-week low twenty-one times, pointing to a significant downtrend.

The price decreased 0.7% in the last week and plummeted 33.8% in the last month.

The present value of BRL1,000 invested one year ago is R$209 [vs R$1,187 for the Brazil Index 50].

TODAY'S ALERT

Afternoon Alert: Joao Fortes Engenharia soars 16.1% on firm volume

20 June 2018 13:07 BRT

Joao Fortes Engenharia SA (SA:JFEN3) traded on heavy volume of 1.1 times average so far today while the price soared 40.0 centavos (or 16.1%) to trade at R$2.89.

Joao Fortes Engenharia SA (SA:JFEN3; SAO:JFEN3; BZ:JFEN3)

ISIN: BRJFENACNOR0

PermID: 4295860307

Source: www.BuySellSignals.com