Milan: Campari in the red
(Teleborsa) - The Company famed for its bitters is subdued as it drops -2.31%.The analysis of Campari's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE MIB.
The general technical picture shows a contraction, with prices slipping towards the 7.345 Euros level under heavy selling pressure. Conversely, a sudden rebound could find resistance at 7.567. Campari's downturn is highlighted by the 5-day moving average crossing below the moving average for 8 days. The most coherent scenario is that of an ongoing downtrend towards 7.261.
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)
(Foto: © Campari)
(Teleborsa) 10-03-2024 12:30 PM