Ferrari (NYSE:RACE) Race Cars at Autosport International

Ferrari (NYSE:RACE) Race Cars at Autosport International

Ferrari (NYSE:RACE) Race Cars at Autosport International

$RACE

Ferrari’s (NYSE:RACE) is a racing team as much as it is an automaker, hence The Scuderia.

And it displayed its line up of competition models at the world’s preeminent racing-car show in the UK leaving its road cars behind at the factory in Maranello.

The Scuderia arrived at the Autosport International show in Birmingham, England, at the weekend with several track-bound models.

There was the 488 Challenge, which heralds the launch of a new spec racing series  specifically for the UK starting next year.

It was joined as well by the 488 GTE, the Top racing version of Ferrari’s mid-engined V8 supercar, this one campaigned by James Calado and Alessandro Pier Guidi in the LMGTE Pro class of the 2017 FIA World Endurance Championship.

That car won 3 out of the 9 races this past season: at the Nurburgring, the Circuit of the Americas, and Fuji to secure the drivers’ title.

Their teammates Davide Rigon and Sam Bird won 2 more to help Ferrari lock down the GT manufacturers’ trophy.

Ferrari also brought out the FXX-K Evo, which made its public debut at the show along with not one, but 2 F1 cars: the F2004 that Michael Schumacher and Rubens Barrichello drove to the world championship 14 years ago, now part of the F1 Clienti program, and the SF70H that Sebastian Vettel and Kimi Raikkonen drove last season.

Seeing them all together on display under the same roof is terrific.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 117.84 12 January 2018 0.68 118.59 118.68 117.42 393,000
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.33) Bullish (0.40) Bullish (0.33) Bullish (0.26)

Come back tomorrow for more Ferrari news.

 

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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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