Saudi Arabian stock alert
CLOSING UPDATE: Middle East Healthcare accelerates rise, now up 4.6% in 2 days 18 January 2018 16:47 AST
NEWS BITES - MIDDLE EAST & NORTH AFRICA
This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Middle East Healthcare is up SAR2.60 (or 4.6%) over the past two trading days. After rising 2.1% on Wednesday, the stock rose 2.4% on Thursday to trade at SAR59.0 vs. the All Share Index (TASI) that is up 0.1% in the same period.
Technical indicators complementing today's significant uptrend:
+ The positive 1.16 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price climbed 5.4% in the last week and soared 13.9% in the last month.
Middle East Healthcare today is at a discount of 27.8% to the 12-month high of SAR81.73 on 10 Apr, 2017. It is at a premium of 25.5% to the 12-month low of SAR47.0 on 05 Nov, 2017.
The stock has underperformed 96% of the Saudi Arabian market over the past 6 months.
In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.
Afternoon Alert: Middle East Healthcare keeps rising: up 5.4% in 3 days
18 January 2018 14:39 AST
Middle East Healthcare Co. (TASI:4009) extended its gains on Thursday, rising an additional 90.0 hallalah (or 1.6%) to trade at SAR58.50. The shares have risen SAR3.0 (or 5.4%) over the past three trading days vs. the All Share Index (TASI) which has risen 0.6% in the same period.
CLOSING UPDATE: Middle East Healthcare lifts 2.1% - outperforming 92% of stocks
17 January 2018 16:47 AST
Middle East Healthcare has lifted SAR1.20 (or 2.1%) today to trade at SAR57.60 and has outperformed 92% of the market in the past month. A price rise combined with a high relative strength is a bullish signal. Compared with the All Share Index (TASI) which rose 8.2 points (or 0.1%) in the day, this represented a relative price increase of 2.0%.
Afternoon Alert: Middle East Healthcare in 2nd consecutive rise, nears four-month high
17 January 2018 14:38 AST
Middle East Healthcare Co. (TASI:4009) extended its gains Wednesday, rising an additional SAR1.20 (or 2.1%) to trade at SAR57.60. The stock increased 1.62% on Tuesday bringing its 2-day rise to 3.8%. It is now approaching its 84-day high of SAR58.10.
Middle East Healthcare Co. (SA:4009; SAU:4009; AB:4009)