Tenaris announced it is commencing a $600 million second tranche of its $1.2 billion share repurchase program. Large, active buybacks are among the most reliable, tradeable catalysts for near-term upside because they (1) provide real, price-insensitive demand, (2) signal management’s confidence and cash-generation strength, and (3) often suppress drawdowns during market chop. The release is fresh (yesterday), bilingual, and from the company, which increases credibility and the likelihood of execution starting immediately. That timing aligns with a 2-week swing window where repurchases can meaningfully absorb supply and facilitate a breakout. Technically, TS is well-positioned. The last price is 39.80 with a prior close of 39.94, sitting just below the 52-week high of 40.87. Momentum is strong: MACD histogram is solidly positive, EMAs (9/21/50 days at ~37.70/~36.57/~36.06) are rising, and RSI around 72 indicates overbought but in a constructively trending tape—classic for buyback-driven grinds. A nearby resistance band is obvious at ~41 (the prior high area), and once reclaimed, mechanical buying from trend followers plus corporate repurchases can extend the move. We set an entry zone at 39.40–40.20 to capture slight dips and early breakout attempts. The stop at 38.20 sits below recent support and provides room for typical volatility while respecting capital. Our exit targets of 43.00–44.00 imply roughly +7% to +11% from the midpoint of the entry range, achievable in 10–14 days when a large-cap industrial with a live buyback pokes through highs. While 20% in two weeks is ambitious for a company of this size, double-digit is reasonable given the catalyst’s durability and reinforcement from the company’s recent earnings engagement (transcript in circulation). Dividends (not the focus here) and low valuation stats in the supplied fundamentals help underpin downside. Importantly, buybacks often operate as a floor on red days, aiding risk control. Risks: macro sensitivity to energy and steel cycles can dull momentum; an abrupt commodity downdraft could stall the breakout. Also, an overbought RSI introduces the possibility of shakeouts; that’s why our entry includes a pullback allowance to ~39.40 and a firm stop at 38.20. Still, with EMA stacks rising and the corporate bid likely present, failed breakdowns should be shallow. If the tape cooperates, a measured move above 41 can carry to 43–44 over two weeks as supply thins. In sum, this is a straightforward corporate-action trade: clear, funded buyback, strong trend, defined resistance, and disciplined exits that target at least a 10% gain at the top end of our range, with solid probability of a base hit even if the market stays choppy.