Israeli stock alert
Afternoon Alert: Shufersal climbs 4.9%, leads Commerce sector higher 25 July 2017 14:10 IDT
NEWS BITES - MIDDLE EAST & NORTH AFRICA
Shufersal Ltd. (TASE:SAE) has climbed 4.9% to trade at NIS19.49 vs. the Commerce sector which strengthened 14.1 points (or 1.4%) to 994.6. Representing a weighting of about 19.6% of the sector, the stock accounted for 66.7% of today's gain. The shares have outperformed 91% of the market in the past six months. Trading volume was 2.0 times average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 0.1 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last three months the stock has hit a new 52-week high twelve times, pointing to a significant uptrend.
+ The price lifted 2.1% in the last week and climbed 5.4% in the last month.
Other Bullish Signals include:
+ Net Profit margin, EBIT margin and EBITDA margin are positive and have seen consecutive rises in recent years.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Dividend yield of 3.9% [5.7%]
Shufersal Ltd. (TV:SAE; TLV:SAE; TA:SAE; TA:SAE; IT:SAE)