Short term view - UBI BANCA : Prices are breaking above the moving average, it is a sign of strength.
In our previous short term analysis (11/10/2016), we were positive.We remain positive with a target at 2,9 € and an invalidation level at 2,48 €.
An intermediate consolidation is interrupting the fall.
Arguments :
- The resistance has been passed.
- Prices are breaking...
Unione Di Banche Italiane provides banking and financial products and services to its customers. Co. is involved in the implementation of the Private & Corporate Unity project, the union of the private and corporate banking commercial networks designed to develop synergies between the two customer segments. This service model is able to address financial issues relating to families, businesses, and the relationship between personal and business finance in a unified manner. Commercial operations are primarily focused on existing customers, which are provided by the branch network.
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