(Finance) – Leaps forward Saipemwhich shows a positive performance of 2.16%, in the wake of the signing of the framework agreement worth 300 million dollars (250 million in Saipem’s share), signed with BP Exploration (Caspian Sea) for the execution of offshore activities in the Azerbaijani waters of the Caspian Sea.
Comparison of the title with the FTSE MIBon a weekly basis, shows the greatest relative strength of the services and solutions company for the energy and infrastructure sector compared to the index, highlighting the real attractiveness of the stock by buyers.
The short-term analysis of Saipem highlights a marginally positive trend with an immediate resistance area identified at 2.39 Euro and support at 2.327. This trendline anticipates a possible further bullish extension of the curve to the test of the 2.453 level.