Milan: Leonardo moves up
(Teleborsa) - A positive session for the Italian Holding operating in the aeronautics sector as it progresses +2.92%Comparing the share price trend with the FTSE MIB on a weekly basis, we see Leonardo maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +4.86%, versus a +1.09% gain in the index).
The overall technical picture shows the Italian contractor in the defense sector contracting, with the possibility of prices approaching the 22.39 Euros floor. Any bullish scenario is currently being thwarted by the 23.16 resistance level. The most likely trading scenario is a bearish one with a potential target of 21.9.
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) 07-09-2024 12:30 PM