Ferrari (NYSE:RACE): Riyadh 1st day of Ferrari Motorsport Festival

Ferrari (NYSE:RACE): Riyadh 1st day of Ferrari Motorsport Festival

$RACE

The Ferrari Motorsport Festival program, the flagship event of the Riyadh Car Show, has kicked off.

Competizioni GT drivers James Calado, Miguel Molina, Giancarlo Fisichella, Andrea Bertolini and Olivier Beretta, took turns in the Attività Sportive GT cars on a track specially created for the event.

James Calado and Miguel Molina were the 1st to tackle the asphalt in the 488 Challenges.

Then came the XX Program cars. Olivier Beretta drove an FXX Evo and Andrea Bertolini a 599XX Evo, while Giancarlo Fisichella closed the exhibition with the FXX-K Evo.

James Calado and Miguel Molina respectively lapped in the 488 GTE and 488 GT3. The mechanics also performed some lightning-fast pit stops with driver changes, as Calado and Molina made way for Giancarlo Fisichella and Andrea Bertolini.

The evening in the Saudi Arabian capital continued with the presentation of the SF90 Stradale to customers who had arrived at the location in tandem, performing a few laps of the track.

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 Very Bullish, overhead resistance is NIL and Key support at 165.00, as all Key indicators turned Very Bullish and the stock has established long term support ahead of this breakout.

Ferrari finished at 165.25, -0.16 Friday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Have a terrific Holiday week.

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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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