Milan: Iveco soars after buying spree
(Teleborsa) - A top performance from the Italian multinational transport vehicle manufacturing company as it trades +4.08% up.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Iveco maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +7.91%, versus a +0.72% gain in the index).
While there is still plenty of positive sentiment surrounding the medium term, indicators show that short-term performance is down, with the share failing to break the resistance estimated at 11.9. Near-term support at 11.43 remains intact. This corrective phase is likely to continue towards the 11.13 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) 07-18-2024 12:30 PM