Milan: major selling for Industrie De Nora
(Teleborsa) - The Provider of filtration solutions for water and wastewater treatment is bearish as it trades -2.69% down.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 +3.01%, versus a +1.72% gain in the index).
At present, the short-term scenario for Industrie De Nora anticipates a sharp rise towards a target price of 13.2 Euros. In the case of a healthy temporary correction the most immediate target would be the 12.92 level. However, we expect prices to climb to the 13.48 high.
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) 05-08-2024 12:30 PM