Milan: Reply shines
(Teleborsa) - Marked growth for Reply as it records a +2.05% improvement on previous levels.The analysis of Reply's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
The technical picture is visibly deteriorating, with support in the 133.5 Euros area. On the upside, the main exit level is seen at 135.3. Reply's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 132.7.
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) 10-09-2024 09:35 AM