Israeli stock alert

ISRAEL

CLOSING UPDATE: Mylan decreases 0.5%, led Chemical, rubber & plastic sector lower 18 October 2017 18:13 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

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

Mylan, Israel's largest chemical, rubber & plastic company by market capitalisation, has decreased 0.5% to trade at NIS133.30 vs. the Chemical, rubber & plastic sector which weakened 0.4 points (or 0.05%) to 693.6. Representing a weighting of about 33.6% of the sector, the stock accounted for the loss. Trading volume was 37% of average at the end of the day. Compared with the TA-25 Index which rose 4.7 points (or 0.3%) in the day, this represented a relative price change of -0.9%.

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

Overvaluation:

+ Return on Equity 0.6% [0.7%]

+ Return on Assets 0.2% [0.2%]

+ Return on Capital Employed 0.2% [0.6%]

Bearish Signals:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 0.6%.

Note

Bullish Signals:

The positive 5.09 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued.

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

Undervaluation:

Price to Book of 1.6 [1.9]

TODAY'S ALERTS

Afternoon Alert: Mylan increases 1.1%, leads market higher

18 October 2017 14:10 IDT

Mylan NV (TASE:MYL) has increased 1.1% to trade at NIS135.50 vs. the TA-25 Index which strengthened 4.7 points (or 0.3%) to 1,449.3. Representing a weighting of about 14.8% of the index, the stock accounted for 50.2% of today's gain. The shares have outperformed 96% of the market in the past month. Trading volume was 40% of average so far today.

Afternoon Alert: Mylan increases 0.5%

18 October 2017 12:14 IDT

Mylan NV (TASE:MYL) traded on volume of 0.3 times average so far today while the price increased 70.0 agorot (or 0.5%) to trade at NIS134.70.

RECENT ALERTS

CLOSING UPDATE: Mylan increases 0.8% - outperforming 94% of stocks

17 October 2017 18:12 IDT

Mylan, Israel's largest chemical, rubber & plastic company by market capitalisation, has increased NIS1.0 (or 0.8%) today to trade at NIS134.0 and has outperformed 94% of the market in the past month. A price rise combined with a high relative strength is a bullish signal. Compared with the TA-25 Index which fell 1.4 points (or 0.1%) in the day, this represented a relative price increase of 0.9%.

Afternoon Alert: Mylan increases 1.1% on high volume

17 October 2017 14:10 IDT

Mylan NV (TASE:MYL) traded on heavy volume of 2.1 times average so far today while the price increased NIS1.50 (or 1.1%) to trade at NIS134.50.

Mylan NV (TV:MYL; TLV:MYL; TA:MYL; TA:MYL; IT:MYL)

ISIN: NL0011031208

PermID: 5043331389

Source: www.BuySellSignals.com