(Finance) – Effervescent Revlonwhich trades with a decidedly positive performance of 41.25%.
Indiscretions on a possible interest from India’s Reliance Industries are still assisting the shares. Rumors arrive the day after filing for Chapter 11 bankruptcy.
Comparing the performance of the stock with theS & P-500on a weekly basis, we note that Revlon maintains positive relative strength in comparison with the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance + 357.75%, compared to + 1.09% of theUS basketball index).
The short trend of Revlon is strengthening with area of resistance seen at USD 9.79, while more immediate support is seen at 7.423. A continuation of the upward trend towards 12.16 is expected.