Milan: Ferretti trades in the red
(Teleborsa) - The Manufacturer of luxury yachts has a turbulent session, losing -4.12% on previous levels.Ferretti is trending in accord with the FTSE Italia Mid Cap, which makes the security a low alpha asset, that does not yield returns above and beyond its benchmark index.
There are signals for gains in the short-term with the most immediate resistance seen at 2.88 Euros and support of the current trading range at 2.745. Ferretti's steady uptrend is supported by the crossing of the 5-day moving average above the 34-day moving average. Based on the technicals, we can expect to see the bulls headed for the 3.015 level.
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)
(Foto: © tktktk / 123RF)
(Teleborsa) 12-19-2024 12:30 PM