Milan: Industrie De Nora up after buying spree
(Teleborsa) - The Provider of filtration solutions for water and wastewater treatment comes out on top as it trades +6.39% higher.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Industrie De Nora maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +5.3%, versus a +1.9% gain in the index).
The short-term scenario shows a decline towards the 12.84 Euros area with first resistance seen at 13.6. Expectations are for Industrie De Nora to continue its negative run towards support at 12.36.
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) 09-05-2024 09:35