Milan: Saipem on the rise
(Teleborsa) - The Italian oil and gas industry contractor puts in a decidedly bullish performance, gaining +3.19%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Saipem, confirming a better performance for the security in comparison to the related index.
According to the short-term technicals, Saipem will continue its positive development to test the resistance area of 2.09 Euros. There is the possibility of a decline to the 2.041 low. Overall, we expect the stock to breakout and test new resistance at 2.139.
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) 19-09-2024 12:30