BFF Bank and LUVE hit new all-time highs
During the session of February 10, there were two shares (BFF Bank and LUVE) which reached new all-time highs. Definitely an important showdown. Should you focus on stocks that have recorded new all-time highs? If so, which of the two stocks offers greater upside potential?
Should you focus on stocks that have recorded new all-time highs?
To answer these questions, first of all we need to understand the reasons that have brought a share to levels never reached before.
The accounts of 2022 have given wings to BFF Bank which in 2022 saw its profit increase by around 17%. More importantly, then, Management raised its adjusted net income target for 2023, bringing it into a range between €180 million and €190 million, from the previous range of €170-180 million. The strong outlook, therefore, has been fuel in the engine of the rally. We also recall that this stock is one of the best in the Ftse Mib in terms of the liquidity index.
In the case of LUVE Intermonte provides the following explanation “Importantly, the outlook is bright for heat pumps (LUVE is investing to expand production capacity and we expect group heat pump revenues to more than double in 2023, potentially reaching 12% of total revenues), while data centers and industrial cooling are also expected to keep growing.”
The business house consequently raised its target price on the stock to €32.
BFF Bank: the indications of the graphic analysis
The title BFF Bank (MIL:BFF) closed the session of 10 February at 9.06 euros, up 1.91% on the previous session.
New all-time highs and upward cross averages for the BFF Bank share – projectionsdiborsa.it
Bullish stock with huge growth potential. The quotations, in fact, have broken the first resistance along a bullish path that could also lead to the title in area 13 €. First, however, there are huge obstacles located in the area of €9.77 and €11.38.
A weekly close below €8.778, on the other hand, could lead to a bearish reversal.
LUVE: the indications of the graphic analysis
The title LUVE (MIL:LUVE) closed the session of 10 February up 5.45% compared to the previous session, at 30.00 euros.
Increasing cross-averages for LUVE, but beware of resistances
Such an important rise in the LUVE share has not been seen since November 2022. Most importantly, however, is theincrease in volumes that accompanied this increase. In fact, the volumes traded during the session of 10 February saw an increase by more than 200% compared to the average of the previous five sessions.
For a continuation of the rise it will be necessary wait for the upward break of the resistance in the €30.90 area. In this case the title LUVE it could go as far as the €33.5 area.
The bears, on the other hand, could accelerate in the event of a daily close below €28.25.
