Cementir in largest rise for one month, adds 2.9 per cent

Cementir in largest rise for one month, adds 2.9 per cent
Published: 06 June 2008

Cementir added 16 Eurocents (or 2.9 per cent) to Euro5.66, its largest rise of the last one month. The rise is the largest in per cent terms since it added 13 Eurocents (or 2.3 per cent) on May 14, 2008. Compared with the MIBTEL Index which rose 82 points (or 0.3 per cent) on the day, this represented a relative price change of 2.6 per cent.

Volatility: the stock traded between an intraday low of Euro5.66 and nine-day high of Euro5.75.

Moving Average Price (MAP): The price to 200-day MAP ratio is 0.88, a bearish indicator. In the past 200 days this ratio has been under 0.88 175 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of Euro5.91 is lower than the 200-day MAP of Euro6.45, a bearish indicator. The 200-day MAP has decreased to Euro6.45. A decrease is another bearish indicator. In the last three months the number of falls outnumbered rises 34:29 or 1.17:1.

Relativities: Since open its percentile rank in the Italian market was 93. In the Italian market of 395 stocks, the stock has a 6-month relative strength of 65 which means it has outperformed 65 per cent of the market.

Volume and turnover period: There were 750 shares worth Euro4245 (US$6,598) traded. The volume was 0.003 times average trading of 296,214 shares. The turnover rate in the 12 months to date was 46.5 per cnet (or a turnover period of two years 55 days). This average length of ownership of the stock at 1.6 times the average holding period of one year and three months for stocks in the All STARS Index suggests a larger number of core investors, making a long-term investment safer.