Milan: gains for Ferragamo
(Teleborsa) - Positive results for the luxury maison as it rises +2.75%.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 of the italian fashion firm signals an extended downtrend towards support seen at 6.232 Euros, while on the upside resistance can be identified in the 6.432 area. The outlook is for Ferragamo to pull back further still towards a target of 6.108.
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) 11-04-2024 12:30 PM