Milan: Iveco suffers substantial losses
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is thrown to the bears as it trades with dire losses of -4.35%.The technical scenario for Iveco in the last week shows the security lagging behind the FTSE MIB. As compared to the related index, the security has shown a lower performance.
The technical picture of Iveco signals an extended downtrend towards support seen at 9.49 Euros, while on the upside resistance can be identified in the 9.88 area. The outlook is for Iveco to pull back further still towards a target of 9.35.
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) 07-25-2024 12:30 PM