Egyptian stock alert

EGYPT

Afternoon Alert: International Company for Investment and Development jumps 8.6% - outperforming 92% of stocks 18 October 2017 12:14 EET

NEWS BITES - MIDDLE EAST & NORTH AFRICA

International Co For Investment & Development (CA:ICID) has jumped LE1.0 (or 8.6%) today to trade at LE12.60 and has outperformed 92% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: International Company for Investment and Development jumps, 3 weeks' volume in a week October 17, 2017 14:30 EET

International Co For Investment & Development (CA:ICID), Egypt's 22nd largest Real Estate company by market cap, has lifted LE1.40 (or 13.7%) in the past week to close at LE11.60. The volume was 3 times average weekly trading of 16,370 shares. Compared with the EGX 30 Index which fell 298.6 points (or 2.2%) in the week, this represented a relative price increase of 15.9%. In the past week the market cap has jumped LE8.4 million.

1.2 5-day Recap

International Company for Investment and Development outperformed the EGX 30 index in 3 out of 5 days.

DayHeadlineClose price [EGP]Price change %Relative change %Comment
MondayInternational Company for Investment and Development keeps rising, up 22.3% in 4 days12.474.06.7VI=2.9
SundayInternational Company for Investment and Development soars 13.1%11.9913.113.0Top Rise; VI=6.1
ThursdayInternational Company for Investment and Development in 2nd consecutive rise, nears three-month high10.60.4-0.2
WednesdayInternational Company for Investment and Development lifts 3.5%, 2 days' volume in a day10.563.53.6

Note

DayHeadlineClose price [EGP]Price change %Relative change %Comment
TuesdayInternational Company for Investment and Development tumbles 7.0% on average volume11.6-7.0-7.0Steepest Fall

SECTION 2: Technical indicators

Bullish:

The positive 0.55 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal.

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

The present value of EGP1,000 invested one year ago is LE1,787 [vs LE1,664 for the EGX 30 Index], for a capital gain of LE787. The total return to shareholders for 1 year is 78.7%.

Note

Overbought/Bearish:

The 1.2% discount to 12-month high of LE12.75 against the 93.5% premium to 12-month low of LE6.51 suggests the climb might be peaking.

SECTION 3: Ranking

DescriptionValueRank In Market
Today's Volatility %0.4In Top 7%
MCap $US million4.2In Bottom Quartile
52-week Range (in LE)6.5-12.8
1-month Range (in LE)9.4-12.8
Bollinger Bands1Bearish

International Co For Investment & Development (CA:ICID; CAI:ICID; EY:ICID)

ISIN: EGS67191C014

PermID: 4296285248

Source: www.BuySellSignals.com