Milan: downbeat day for Azimut
(Teleborsa) - A negative day for Azimut as it sheds -2.7%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Azimut, confirming a better performance for the security in comparison to the related index.
According to the short-term technicals, Azimut will continue its positive development to test the resistance area of 23.55 Euros. There is the possibility of a decline to the 22.73 low. Overall, we expect the stock to breakout and test new resistance at 24.37.
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) 11-08-2024 09:35 AM