Milan: Cementir on the rise
(Teleborsa) - A positive session for the manufacturer of grey and white cement as it progresses +1.89%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.
The technical picture is visibly deteriorating, with support in the 9.56 Euros area. On the upside, the main exit level is seen at 9.78. Cementir's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 9.43.
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) 10-25-2024 12:30 PM