Milan: major selling for Iveco
(Teleborsa) - The Italian multinational transport vehicle manufacturing company is subdued as it drops -1.92%.On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of Iveco, in fact, has been higher than the related benchmark index.
The short-term technical picture for Iveco shows an acceleration of the uptrend towards a target of 10.11 Euros. A possible decline to 9.7 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 10.51 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) 10-28-2024 12:30 PM