After yesterday's debacle due to a possible rethinking of Panama, today Romania is reviving the fortunes of Salini Impregilo in Piazza Affari, highlighted in mid-morning with an increase of more than 2 percentage points.
This morning the contractor announced that it had purchased the design and construction of a Sebes-Turda motorway lot in Transylvania. The value of the project is approximately 121 million euros. Furthermore, according to press rumors, the company is considering an increase in the free float to return to dealing among the most capitalized companies on the Milanese list. The one-week technical scenario of the stock compared to the index shows a slowdown in the trend of Salini Impregilo compared to the FtseMib, and this makes the stock a potential target for sale by investors.
The short-term scenario of Salini Impregilo shows a decline in prices towards the 4,864 Euro area with the first area of resistance seen at 4,994. Expectations are for an extension of the downturn towards the support seen at 4,792. The indications do not constitute an invitation to trading.
