(Teleborsa) – Positive session for Italgas, which falls from the initial highs, maintaining a modest rise of 0.32%. The title was initially galvanized by the news of the successful outcome of the tender for the purchase of the Greek DEPA Infrastructures, which saw it indicated as a “preferred bidder” by the Greek privatization agency.
The one-week trend of the most important distributor of natural gas in Italy and the third in Europe is more sluggish than the trend of FTSE MIB. Such a breakdown could trigger opportunities for the market to sell the stock.
The technical status of Italgas shows signs of worsening with a support area set at € 5.529, while on the upside the resistance area is identified at 5.649. For the next session we could see a new bearish moment with a target likely estimated at 5.487.