Brazilian stock alert

BRAZ

CLOSING UPDATE: Energisa up 10.5% in 2 days 20 September 2018 17:35 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).

Energisa, Brazil's 5th largest energy company by market capitalisation, extended its gains on Thursday, rising an additional R$1.06 (or 10.2%) to trade at R$11.49. Trading volume was 1.4 times average at the end of the day. The shares have risen R$1.09 (or 10.5%) over the past two trading days vs. the Brazil Index 50 which has fallen 0.2% in the same period.

Technical indicators complementing today's significant uptrend:

+ In the Brazilian market, the stock's relative price strength percentile is rising at 95 for 6 months, 95 for 3 months and 98 for 1 month.

+ In the last three months the stock has hit a new 52-week high once.

+ The present value of BRL1,000 invested one year ago is R$1,627 [vs R$1,033 for the Brazil Index 50].

Note

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

Overvaluation:

Dividend yield of 1.4% [3.9%]

TODAY'S ALERT

Afternoon Alert: Energisa lifts 3.5% - outperforming 97% of stocks

20 September 2018 13:09 BRT

Energisa SA (SA:ENGI3) has lifted 37.0 centavos (or 3.5%) today to trade at R$10.80 and has outperformed 97% of the market in the past month. A price rise combined with a high relative strength is a bullish signal.

Energisa SA (SA:ENGI3; SAO:ENGI3; BZ:ENGI3)

ISIN: BRENGIACNOR0

PermID: 4295859808

Source: www.BuySellSignals.com