FERRARI (NYSE:RACE): 812 GTS, the V12 Spider Returns

FERRARI (NYSE:RACE): 812  GTS, the V12 Spider Returns

$RACE

The 812 GTS where speed meets elegance

LIBERTY HAS NEVER BEEN SO EASY 

The aim in developing the 812 GTS was to retain the exhilarating feeling of speed and power delivered by the berlinetta version in terms of accelerating, response times and agility. 

TRADITION NEVER FAILS 

Exactly 50 yrs on from the debut of the last Spider in the Ferrari range to sport a front-mounted V12, the 812 GTS hails a triumphant return for  a model type that has played a Key role in the Maranello Outfit’s history since its founding.  

Ferrari is the Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

HeffX-LTN overall technical outlook for RACE is Bullish to Very Bullish, there is light resistance at 175.52, and Key support is solid at 171.27, the stock has established strong long term support.

Ferrari finished at 172.65, +1.40 Wednesday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term and siding with BAML to 230 long term for now.

Stay tuned…

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