Milan: fine gains for Ferragamo
(Teleborsa) - Vigorous the luxury maison soars as high as +7.67% over previous levels.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see Salvatore Ferragamo maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +4.48%, versus a +1.79% gain in the index).
The Italian fashion firm's technical status shows signs of decline with support listed at 6.302 Euros, while on the upside resistance can be identified at 6.657. In the next session we could witness a further downswing with a likely target of 6.078.
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) 26-09-2024 09:35