here is the overwelming performance of enel against the italian stock mkt today enel weights 19,3% of the index on march 20 reshuffle day enel MUST be capped at 15% as per index rule so enel will loose some 4% in weight , this means that for every basket long against the future or etf replicating the index 4% of the value will be...
the merger ratio is 2,33 ratio trades @ 2,03 15% discount
nice trend line support try long eur
the stock has good fundamentals, strong uptrend and 200 mvg stay long if you belive in a broad mkt rebound
yes the market is owful, but tgym could rebound @ 10.6