Let's take a look at what's under the "hood" of Ferrari. Technically we have a well-formed uptrend and Yesterday that trend was tested at the which were good. Volumes activity was big since the bottom formed after the first lockdown. The candle formation ended with a . and are still lagging, but the trend holds. Fundamentally the financial look of the company is stable in revenue and EPS aspect. Also, the racing car manufacturer is decided to take on the electric cars market, as well as delivering three new models.
Next is Nio . Already a familiar company and attracting more and more investors. are on the 9th of March. Revenues and EPS are shaky, but investors are betting on the long-term success of the company. Ford terminated their contract to manufacture electric cars in China, but Nio managed to cement their position in the Asian country. here is lagging, but is moving above 50 and the trend is intact. The price is currently forming a on the and if it is triggered we may head towards the $70 range.
Last, but not least - Raytheon . Technicals are looking better here as is moving from oversold territory and above 50. has a crossing and the histogram is starting to move into positive territory. The uptrend is intact. passed, although they are a bit disappointing, financials are looking stable for the company. The company recently won a $290 million contract with the U.S. Navy. That will attract more revenue for the company and will keep it busy in the long-term.