(Finance) – It trades just above parity Ferragamo, which lengthens its pace by gaining 0.27%. The stock is able to withstand the pressure from sales, which is holding back the Milanese price list today, thanks to the positive results announced last night.
Ferragamo closed 2022 with consolidated revenues of 1,252 million euros, up 10.2% at current exchange rates and 5.7% at constant exchange rates compared to 2021. The fashion house also confirmed its medium term, showing confidence about 2023 despite the problems of the resurgence of Covid-19 in China.
On a weekly basis, the stock’s trend is more solid than that of FTSE Italia All-Share. At the moment, therefore, the appeal of investors is aimed more decisively at luxury house compared to the reference index.
The short term exam Salvatore Ferragamo classifies a strengthening of the bullish phase with immediate resistance seen at 18.87 Euros and first support identified at 17.89. Technically we expect a further upward trend of the curve towards new tops estimated in the 19.85 area.
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