Milan: strong day for Ferragamo
(Teleborsa) - The Luxury maison puts in a decidedly bullish performance, gaining +3.51%.The analysis of Salvatore Ferragamo's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
The technical picture of the italian fashion firm signals an extended downtrend towards support seen at 9.26 Euros, while on the upside resistance can be identified in the 9.55 area. The outlook is for Ferragamo to pull back further still towards a target of 9.08.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Foto: © Michael Spring/123RF)
(Teleborsa) 04-26-2024 12:30 PM