Milan: Ferragamo moves up
(Teleborsa) - A positive session for the luxury maison as it progresses +2.84%Salvatore Ferragamo's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE Italia Mid Cap index.
The technical picture for the italian fashion firm suggests that the bearish trend is to continue towards a test of the 6.095 Euros floor, while the 6.21 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 6.03 level.
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) 24-09-2024 09:35