Israeli stock alert

ISRAEL

CLOSING UPDATE: Bank Leumi Le- Israel B.M. hits 52-week high sixth time in one month 17 October 2017 18:12 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).

Bank Leumi Le- Israel B.M., Israel's 2nd largest bank by market capitalisation, hit a 52-week high of NIS19.48 today for the sixth time in the past one month and last traded at NIS19.37. Trading volume was 92% of average at the end of the day. Compared with the TA-25 Index which fell 1.4 points (or 0.1%) in the day, this represented a relative price change of -0.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.28 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high six times and in the last three months ten times, pointing to a significant uptrend.

+ The price increased 1.6% in the last week and jumped 6.3% in the last month.

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

Undervaluation:

+ Price/Earnings of 10.5 [11.6]

Other Bullish Signals include:

+ As per the Du Pont analysis, Return on Equity of 8.7% is better than sector average of 8.0%.

Note

The stock has outperformed 80% of the Israel market over the past 6 months.

Overbought/Bearish:

The 0.6% discount to 12-month high of NIS19.48 against the 38.1% premium to 12-month low of NIS14.02 suggests the climb might be peaking.

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

Overvaluation:

Dividend yield of 1% [2.0%]

TODAY'S ALERTS

Afternoon Alert: Bank Leumi Le- Israel B.M. increases 0.1% on high volume

17 October 2017 14:10 IDT

Bank Leumi Le- Israel B.M. (TASE:LUMI) traded on heavy volume of 1.9 times average so far today while the price increased 1.0 agorot (or 0.1%) to trade at NIS19.41.

Afternoon Alert: Bank Leumi Le- Israel B.M. decreases 0.4% on robust volume

17 October 2017 12:11 IDT

Bank Leumi Le- Israel B.M. (TASE:LUMI) traded on heavy volume of 1.4 times average so far today while the price decreased 7.0 agorot (or 0.4%) to trade at NIS19.33.

RECENT ALERTS

CLOSING UPDATE: Bank Leumi Le- Israel B.M. keeps rising: up 4.3% in 6 days

16 October 2017 18:12 IDT

Bank Leumi Le- Israel B.M., Israel's 2nd largest bank by market capitalisation, extended its gains on Monday, rising an additional 13.0 agorot (or 0.7%) to trade at NIS19.40. Trading volume was 1.5 times average at the end of the day.

Afternoon Alert: Bank Leumi Le- Israel B.M. decreases 0.4% on firm volume

16 October 2017 14:11 IDT

Bank Leumi Le- Israel B.M. (TASE:LUMI) traded on heavy volume of 1.3 times average so far today while the price decreased 7.0 agorot (or 0.4%) to trade at NIS19.20.

Bank Leumi Le- Israel B.M. (TV:LUMI; TLV:LUMI; TA:LUMI; TA:LUMI; IT:LUMI)

ISIN: IL0006046119

PermID: 5000068620

Source: www.BuySellSignals.com