Ferrari (NYSE:RACE) The 488 ‘GTO’ Teaser

Ferrari (NYSE:RACE) The 488 ‘GTO’ Teaser

Ferrari (NYSE:RACE) The 488 ‘GTO’ Teaser

$RACE

Ferrari’s (NYSE:RACE) current mid-engined V8 Supercar, the 488, does not yet have a souped-up version like the 348 GT Competizione, 360 Challenge Stradale, the F430 Scuderia and the 458 Speciale that preceded it.

This latest video teaser could be it or something like it might be.

Ferrari says, “New thrills are about to come.”

The video doesn’t show much through its obnoxious use of fast cuts and closeups, but there’s definitely a road car in there.

The pic at the top of this article shows what appears to be a powered up version of the 488 GTB.

I 1st heard rumors of the 488 GTO last month, which included talk of a 700-hp V8. Ferrari has neither confirmed nor denied the use of the GTO name.

We will soon know what this Super ‘thing’ is and what Ferrari will name it at the 2018 Geneva Motor Show next month.
Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 124.1 13 February 2018 1.55 122.82 124.29 122.31 379,359
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.37) Bullish (0.26) Bullish (0.38) Bullish (0.47)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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