Israeli stock alert

ISRAEL

CLOSING UPDATE: Azrieli Group decreased further 1.1% on robust volume 20 July 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).

Azrieli Group, Israel's largest real estate and construction company by market capitalisation, traded on heavy volume of 1.5 times average today while the price dropped NIS4.30 (or 2.1%) to trade at NIS195.70. Compared with the TA-25 Index which rose 2.9 points (or 0.2%) in the day, this represented a relative price change of -2.4%.

Technical indicators complementing today's significant downtrend:

+ The price dropped 2.5% in the last week and decreased 0.2% in the last month.

Note

Azrieli Group today is at a discount of 8.6% to the 12-month high of NIS214.20 on 23 May, 2017. It is at a premium of 30.1% to the 12-month low of NIS150.45 on 21 Nov, 2016.

The stock has outperformed 70% of the Israel market over the past 6 months.

Bullish Signals:

The positive 0.43 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.

TODAY'S ALERTS

Afternoon Alert: Azrieli Group decreases 1.1% on firm volume

20 July 2017 14:11 IDT

Azrieli Group (TASE:AZRG) traded on heavy volume of 1.2 times average so far today while the price decreased NIS2.20 (or 1.1%) to trade at NIS197.80.

Afternoon Alert: Azrieli Group decreases 0.7%

20 July 2017 12:10 IDT

Azrieli Group (TASE:AZRG) traded on volume of 0.9 times average so far today while the price decreased NIS1.40 (or 0.7%) to trade at NIS198.60.

RECENT ALERTS

Afternoon Alert: Azrieli Group decreases 0.1%

19 July 2017 14:10 IDT

Azrieli Group (TASE:AZRG) traded on volume of 0.4 times average so far today while the price decreased 30.0 agorot (or 0.1%) to trade at NIS199.70.

Afternoon Alert: Azrieli Group decreases 0.1%

19 July 2017 12:10 IDT

Azrieli Group (TASE:AZRG) traded on volume of 0.3 times average so far today while the price decreased 30.0 agorot (or 0.1%) to trade at NIS199.70.

Azrieli Group (TV:AZRG; TLV:AZRG; TA:AZRG; TA:AZRG; IT:AZRG)

ISIN: IL0011194789

PermID: 5000360582

Source: www.BuySellSignals.com