Israeli stock alert

ISRAEL

Afternoon Alert: Victory Supermarket Chain up 6.1% in 2 days 25 July 2017 14:10 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Victory Supermarket Chain Ltd (TASE:VCTR) extended its gains on Tuesday, rising an additional NIS2.60 (or 6.0%) to trade at NIS45.89. Trading volume was 3.4 times average so far today. The shares have risen NIS2.64 (or 6.1%) over the past two trading days vs. the TA-25 Index which has risen 0.1% in the same period.

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

+ The positive 0.27 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price climbed 5.1% in the last week and jumped 6.3% in the last month.

Other Bullish Signals include:

+ Return on Assets and Return on Equity are positive and have seen consecutive rises in recent years.

Note

The stock has outperformed 55% of the Israel market over the past 6 months.

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

Overvaluation:

Dividend yield of 2.3% [5.7%]

Victory Supermarket Chain Ltd (TV:VCTR; TLV:VCTR; TA:VCTR; TA:VCTR; IT:VCTR)

ISIN: IL0011237778

PermID: 5035155542

Source: www.BuySellSignals.com