Milan: Salcef Group up after buying spree
(Teleborsa) - The Maintainer of railway and metro infrastructures comes out on top as it trades +18.55% higher.A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of Salcef Group, confirming a better performance for the security in comparison to the related index.
Salcef Group's medium-term technicals remain negative. The short term, however, shows increasing bullish strength as the security tests first resistance in the 26.35 area, while support is estimated at 26.05. The technicals favour a new upswing with a likely target of 26.65.
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) 04-24-2024 09:35 AM