Holcim falling in weak trading with rising open interest, weekly and monthly trend also weak
Holcim fell CHF1.77 (or 3.5 per cent) to CHF48.28 (US$36.03). Compared with the Swiss Market index SMI® Price index which fell 49.2 points (or 1 per cent) on the day, this represented a relative price change of -2.6 per cent.
Same day trend: Open Interest rose for a fifth consecutive day. Open Interest rose 0.8 per cent from 119,753 to 120,760. Combined with the price falling 3.5 per cent this suggests the market is weak.
Trailing one week trend: Open Interest advanced for a sixth straight week. Open Interest climbed five per cent from 115,033 a week ago while the stock slid 5.5 pe cent from CHF53.85 (US$46.24) a week ago. Combined with the falling price this also suggests the market is weak.
Trailing one month trend: Open Interest soared 15.2 per cent from 104,802 a month ago while the stock slumped 6.6 per cent from CHF52.90 (US$45.42) a month ago. Combined with the falling price this also suggests the market is weak.
Published under Cement News
