Milan: Saipem on the rise
(Teleborsa) - The Italian oil and gas industry contractor achieves a significant increase, gaining +2.37% on previous levels.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.
The short-term technical picture for Saipem shows an acceleration of the uptrend towards a target of 2.37 Euros. A possible decline to 2.272 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 2.468 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) 11-08-2024 12:30 PM