Milan: Buzzi up after buying spree
(Teleborsa) - The Construction material manufacturer comes out on top as it trades +6.03% higher.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of Buzzi, in fact, has been higher than the related benchmark index.
According to the short-term technicals, Buzzi will continue its positive development to test the resistance area of 40.43 Euros. There is the possibility of a decline to the 38.95 low. Overall, we expect the stock to breakout and test new resistance at 41.91.
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) 11-06-2024 12:30 PM