Ferrari NV Shs Cert Deposito Arg Repr 0.0120481927 Shs
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Ferrari speeds up to new highsThe weekly chart reveals some interesting signals.
MACD histrogram slope is rising and macd-signal is crossed.
High volume confirms a strong trend.
Last week a new all-time high was formed, it will be retested.
Fundamental analysis all leads to strong buy, Zacks gives a rating of 2.
Go long !
Ferrari - target price 160 $NYSE:RACE Ferrari is the leader in the auto sector.
The profit in the last reporting quarter was 0.85 cents per share, which is 63% more than in the same quarter last year. We also noticed an acceleration in the rate of profit growth over the past two quarters from 59% to 63%, which is undoubtedly an excellent indicator. During the last 6 quarters the company's actual profit exceeded the forecasted one. In parallel with the growth in profits, we see an increase in sales growth rates from 6% in the second quarter of 2016 to 20% in the second quarter of 2017.
Confirmation of rumors about the fact that Ferrari to release its first SUV "FUV" is the catalyst for achieving the goal of $ 160 per share
Parabolic Ferrari - Earnings Play1) Evening Star before earnings.
2) 1-month and 3-month return change is unsustainable and in my opinion setting up for a black swan earnings potential.
3) When viewing from a log view it's now above upper channel.
-Execution: Small position of OTM put options w/ less 1 month expiration.
Ferrari is a new longFerrari seems to be ready to break above its high at 92 Usd Dollars. An increase in volumes has been detected. This might be a signal of the upcoming break of the horizontal resistance at 92 Usd dollars. On 4hr charts, the Price oscillator has now crossed above the zero line, which is a strong bullish signal. Coppock curve is not oriented upwards, as MACD. On a daily and weekly charts, it is clearly visible a stable uptrend






















