Pirelli falls on the stock market despite HSBC’s promotion

Pirelli falls on the stock market despite HSBCs promotion

(Finance) – Negative session at Piazza Affari for Pirellian Italian tyre manufacturer which is part of the FTSE MIB, despite the promotion arrived from the analysts of HSBC to “Buy” from “Hold”.

The performance of contracts Pirelli with the prices aligned to 5,614 eurosfor a down 0.88%. The main expectations are for the decline to extend towards the estimated support area at 5,574 and then at 5,534. Resistance at 5,692.

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