HeidelbergCement trends lower report chartists

HeidelbergCement trends lower report chartists
Published: 11 January 2008

Heidelberg Cement AG hit a 52-week low of €90.01 during the day. In the last three months the stock has hit a new 52-week low five times, pointing to a downtrend. The stock fell for a fifth consecutive day on
Thursday. The share price dipped 33.0 €cents (or 0.4%) to €91.84. Compared with the DAX Index which fell 69.6 points (or 0.9%) on the day, this represented a relative price change of 0.5%.

The price plunged 7.9% in the last week and crashed 18.5% in the last month. This has been exacerbated by robust volume of 2.1 times average for the week and by firm volume 1.6 times average for the month or 1.43:1.