Milan: bullish cue from Buzzi

(Teleborsa) - Another bullish cue from Buzzi as it trades with a good +2.98% gain.

A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of Buzzi, confirming a better performance for the security in comparison to the related index.

There are signals for gains in the short-term with the most immediate resistance seen at 38.28 Euros and support of the current trading range at 37.54. Buzzi's steady uptrend is supported by the crossing of the 5-day moving average above the 34-day moving average. Based on the technicals, we can expect to see the bulls headed for the 39.02 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) 05-10-2024 09:35 AM