Banco BPM still strong: all 3 model targets already hit

Banco BPM is at week 9 of a buy opened in the 12.68 area, with a +13.93% gain since inception. All 3 statistical targets of our most advanced model have been reached, but the management roadmap runs through week 10. The confirmation week closed bullish on price but technically weak: the model recommends a cautious reduction to lock in part of the profit.