Milan: Digital Value on a tear
(Teleborsa) - A spectacular surge from the information technology services and solutions company as it records a bullish +5.24% increase.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Digital Value maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +29.49%, versus a +1.49% gain in the index).
At present, the short-term scenario for Digital Value anticipates a sharp rise towards a target price of 19.15 Euros. In the case of a healthy temporary correction the most immediate target would be the 18.35 level. However, we expect prices to climb to the 19.95 high.
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) 12-04-2024 09:35 AM