Milan: Recordati well in the green

(Teleborsa) - Marked growth for Recordati as it records a +2.84% improvement on previous levels.

A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Recordati, 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 52.97 Euros and support of the current trading range at 51.77. Recordati'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 54.17 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) 04-23-2024 12:30 PM