US Nasdaq stock alert

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Afternoon Alert: Alphabet Class A hits 52-week high sixth time in five months 20 June 2018 13:18 EDT

NEWS BITES - NORTH AMERICA

Alphabet Inc (NASDAQ:GOOGL) hit a 52-week high of $US1,201.23 today for the sixth time in the past five months and last traded at $US1,200.43. Trading volume was 1.3 times average so far today.

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

+ The positive 29.42 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the NASDAQ market, the stock's relative price strength percentile is improving at 60 for 6 months, 60 for 3 months and 79 for 1 month.

+ In the last three months the stock has hit a new 52-week high once.

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

Undervaluation:

+ Return on Equity 8.3% [6.1%]

+ Return on Capital Employed 15.7% [13.3%]

+ Price/Sales of 3.2 [3.7]

+ Price to Book of 2.7 [3.1]

+ Return on Assets 6.4% [5.6%]

Note

Bearish Signals:

Tobin's Q Ratio is 1.8. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Overbought/Bearish:

The 0.1% discount to 12-month high of $US1,201.23 against the 31.1% premium to 12-month low of $US915.31 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings of 47.0 [35.2]

Alphabet Inc (O:GOOGL)

ISIN: US02079K3059

PermID: 4295899948

CIK: 1652044

CUSIP: 02079K305

Source: www.BuySellSignals.com