(Finance) – Leap forward Core & Main which extends today’s positive performance, with an increase of 2.72%.
The news that the distributor of pipes for water transport has decided to revise upwards the estimate of adjusted Ebitda for the fiscal year 2022 contributes as an assist: now a result is expected in the range of 910-930 million dollars compared to the 840-890 million fork previously provided.
Comparatively on a weekly basis, the trend of Core & Main, shows a more marked trend than the trendline of theS&P-500. This demonstrates the greater propensity of investors to buy towards Core & Main, compared to the index.
The technical scenario of Core & Main, shows a widening of the descending trendline at the test of the support 20.74 USD with resistance area identified at level 21.96. The bearish figure suggests the probability of testing new identifiable bottoms in the 20.34 area.