Milan: Ferragamo going strong
(Teleborsa) - The Luxury maison comes out on top as it trades +4.28% higher.In the last week Salvatore Ferragamo underperformed the FTSE Italia Mid Cap index, therefore showing a lower performance than the benchmark.
Although the medium-term outlook for the italian fashion firm remains negative, we find an increasing upward movement in the short term, with the most immediate resistance at 8.36. Support is at 8.15. The technicals favour a new upswing to the 8.57 area.
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)
(Teleborsa) 07-04-2024 09:35 AM