Milan: bullish cue from Saipem
(Teleborsa) - A positive session for the Italian oil and gas industry contractor as it progresses +2.03%On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of Saipem, in fact, has been higher than the related benchmark index.
In the short-term Saipem is in a bullish structure, with resistance seen at 2.388 Euros and support at 2.325. The technicals indicate a breakout above the previous day's high, and prices could test the crucial 2.451 mark.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 07-12-2024 12:30 PM