Israeli stock alert

ISRAEL

CLOSING UPDATE: Israel Petrochemical Enterprises keeps sliding: down 15.5% in 3 days 19 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).

Israel Petrochemical Enterprises, Israel's 17th largest chemical, rubber & plastic company by market capitalisation, extended its slide on Thursday, shedding an additional 38.0 agorot (or 5.7%) to trade at NIS6.33. Trading volume was 74% of average at the end of the day. The shares have fallen NIS1.16 (or 15.5%) over the past three trading days vs. the TA-25 Index which has fallen 0.8% in the same period.

Note

Israel Petrochemical Enterprises today is at a discount of 15.6% to the 12-month high of NIS7.50 on 16 Oct, 2017. It is at a premium of 111.0% to the 12-month low of NIS3.0 on 29 Jan, 2017.

Bullish Signals:

The positive 0.48 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 98% of the Israel market over the past 6 months.

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

The present value of NIS1,000 invested one year ago is NIS1,522 [vs NIS1,004 for the TA-25 Index].

TODAY'S ALERT

Afternoon Alert: Israel Petrochemical Enterprises keeps sliding: down 13.2% in 3 days

19 October 2017 12:10 IDT

Israel Petrochemical Enterprises Ltd. (TASE:PTCH) extended its slide on Thursday, shedding an additional 21.0 agorot (or 3.1%) to trade at NIS6.50. Trading volume was 11% of average so far today. The shares have fallen 99.0 agorot (or 13.2%) over the past three trading days vs. the TA-25 Index which has fallen 0.6% in the same period.

RECENT ALERTS

CLOSING UPDATE: Israel Petrochemical Enterprises down 10.4% in 2 days

18 October 2017 18:13 IDT

Israel Petrochemical Enterprises, Israel's 18th largest chemical, rubber & plastic company by market capitalisation, extended its slide on Wednesday, shedding an additional 61.90 agorot (or 8.4%) to trade at NIS6.71. Trading volume was 1.1 times average at the end of the day. The shares have fallen 78.0 agorot (or 10.4%) over the past two trading days vs. the TA-25 Index which has risen 0.1% in the same period.

Afternoon Alert: Israel Petrochemical Enterprises down 6.6% in 2 days

18 October 2017 14:10 IDT

Israel Petrochemical Enterprises Ltd. (TASE:PTCH) extended its slide on Wednesday, shedding an additional 33.0 agorot (or 4.5%) to trade at NIS7.0. Trading volume was 56% of average so far today. The shares have fallen 49.10 agorot (or 6.6%) over the past two trading days vs. the TA-25 Index which has risen 0.2% in the same period.

Israel Petrochemical Enterprises Ltd. (TV:PTCH; TLV:PTCH; TA:PTCH; TA:PTCH; IT:PTCH)

ISIN: IL0007560159

PermID: 4295875031

Source: www.BuySellSignals.com