Milan: gains for Safilo
(Teleborsa) - Marked growth for the sunglasses and eyewear italian producer as it records a +2.8% improvement on previous levels.In the weekly comparison, Safilo's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.
Safilo's medium-term technicals confirm its negative trend line. Yet, in the short-term view the downturn looks less marked, and we could see a reversal towards the 0.9627 resistance level. On bullish cues the stock could reach the target high of 0.9827, while first support is seen at 0.9427.
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) 12-12-2024 09:35 AM