Milan: Saipem moves up
(Teleborsa) - The Italian oil and gas industry contractor is doing well with an increase of of 2.73%.The analysis of Saipem'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 MIB.
At present, the short-term scenario for Saipem anticipates a sharp rise towards a target price of 2.32 Euros. In the case of a healthy temporary correction the most immediate target would be the 2.262 level. However, we expect prices to climb to the 2.378 high.
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) 06-26-2024 09:35 AM