Milan: Cementir going strong
(Teleborsa) - The Manufacturer of grey and white cement comes out on top as it trades +4.08% higher.A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of Cementir, confirming a better performance for the security in comparison to the related index.
According to the short-term technicals, Cementir will continue its positive development to test the resistance area of 10.32 Euros. There is the possibility of a decline to the 9.95 low. Overall, we expect the stock to breakout and test new resistance at 10.69.
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) 11-07-2024 09:35 AM