LISI breaks through its 64.50 € resistance and climbs 2.5%

A resistance broken intraday that brings the stock back above its three moving averages

LISI stock gains 2.66% to 65.50 € and ranks among the strongest gainers of the SBF 120, which rises 0.42%.

The stock broke intraday through its 64 € resistance, which immediately became a support, and has held it since. This high of the last thirty sessions extends a movement begun last week: the stock had already regained 64 € last Thursday.

The price is now 7.15% above the MM20, 6.69% above the MM50 and 6.87% above the MM200, these three moving averages being grouped around 61 €. The RSI at 63 remains below extreme zones. Over the week, the gain is 7.38%.

Sales up 12.8% in the third quarter and annual trajectory reaffirmed

The rebound is supported by recently published fundamentals. When the nine-month results were published on October 22, the group reported revenue of €1,416 M, up 8%. Aerospace, which accounts for 71% of the total, surpassed the €1 billion revenue mark, while the decline in automotive intensified.

On this occasion, LISI reaffirmed its objective to improve its benchmark indicators for the fourth consecutive year, including current operating income, and to generate positive operating Free Cash Flow.

The group also has a €614 M share buyback programme, announced on May 19. The next technical level to watch is resistance at 71.70 €, roughly 9.5% above the current price.