Milan: CIR up after buying spree
(Teleborsa) - A spectacular surge from the italian holding company as it records a bullish +4.75% increase.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of CIR, in fact, has been higher than the related benchmark index.
CIR's medium-term technicals confirm its negative trend line. Yet, in the short-term view the downturn looks less marked, and we could see a reversal towards the 0.5993 resistance level. On bullish cues the stock could reach the target high of 0.6093, while first support is seen at 0.5893.
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) 10-14-2024 09:35 AM