Short term view - SAVENCIA : Falling prices.
The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant.The next support is at €64.81. The background trend would be questioned should prices rise above €78.00.
Savencia is a transformer of milk centered on cheese, dairy specialties, and on dairy ingredients. Co.'s operations are divided into two segments: the Cheese Products segment and the Other Dairy Products segment. In the Cheese Products segment, Co. manufactures and distributes cheeses and cheese specialties. In the Other Dairy Products segment, Co. manufactures and distributes modern butters and long-life creams both for final consumers and professional users, manufactures technical butters and specialized dairy proteins for industrial markets, and manufactures aseptically packaged products.
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