Inwit on pole in FTSE MIB, takeover bid rumors boost stock

Inwit on pole in FTSE MIB takeover bid rumors boost

(Finance) – Appreciable rise for Inwitup 3.80% on previous values.

To assist the shares contribute rumors according to which the company is in the crosshairs of some fund starting from Ardian. The French fund is apparently investigating the possibility of proceeding with a private takeover operation with JP Morgan.

The analysis of the stock performed on a weekly basis highlights the bullish trendline of the Italian company operating in the electronic telecommunications infrastructure sector more pronounced than the trend of FTSEMIB. This expresses the market’s greater attractiveness towards the stock.

The short term exam Inwit classifies a strengthening of the bullish phase with immediate resistance seen at 11.9 Euros and first support identified at 11.59. Technically we expect a further upward trend of the curve towards new tops estimated in the 12.21 area.

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