Milan: Saipem shines
(Teleborsa) - The Italian oil and gas industry contractor is doing well with an increase of of 2.36%.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 2.467 Euros. A possible decline to 2.379 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 2.555 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) 11-26-2024 12:30 PM