Milan: D'Amico rallies
(Teleborsa) - A great day for the international marine transportation company, which posts a rise of +3.95%.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see D'Amico maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +2.02%, versus a -2.36% gain in the index).
D'Amico's medium-term technicals remain negative. The short term, however, shows increasing bullish strength as the security tests first resistance in the 6.12 area, while support is estimated at 5.96. The technicals favour a new upswing with a likely target of 6.28.
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) 10-04-2024 09:35 AM