Milan: Saipem moves up
(Teleborsa) - A lively session for the Italian oil and gas industry contractor, which makes a big leap forward gaining +2.4%.In the weekly comparison, Saipem's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
The short-term technical picture for Saipem shows an acceleration of the uptrend towards a target of 2.59 Euros. A possible decline to 2.519 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 2.661 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) 12-04-2024 12:30 PM