Milan: gains for Buzzi
(Teleborsa) - A lively session for the construction material manufacturer, which makes a big leap forward gaining +2.28%.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Buzzi maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +10.9%, versus a -1.89% gain in the index).
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 50.17 level. Support at 48.6 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 47.75 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)
(Teleborsa) 11-03-2025 09:35
