Ferrari (NYSE:RACE) Takes 2nd World Endurance Championship of 2017

Ferrari (NYSE:RACE) Takes 2nd World Endurance Championship of 2017

Ferrari (NYSE:RACE) Takes 2nd World Endurance Championship of 2017

$RACE

Ferrari (NYSE:RACE) claimed a 2nd World Endurance Championship crown of 2017 in the 6 Hours of Bahrain Saturday.

2nd place secured the GT drivers’ world title for James Calado and Alessandro Pier Guidi to go with the manufacturers’ prize won by Ferrari earlier this month in Shanghai.

Messers Calado and Pier Guidi were on top in GTE Pro from early in the 3rd hour of the day-night race, but backed off in the closing stages, safe in the knowledge that they had done enough to seal the championship ahead of their rivals from Porsche and Ford.

That allowed Sam Bird and Davide Rigon to take the victory in the sister Ferrari 488 GTE run by the factory AF Corse team.

Messrs Bird and Rigon had a clear lead as half-distance approached, but a full-course Yellow virtual safety car turned a lead of 20 secs into a deficit of a similar amount. The leaders had just made a stop under green flag conditions when the virtual safety car was called, which allowed their closest rivals to gain back that time and more by pitting under the Yellow flags.

“Being able to call myself a world champion is something I’ve always dreamed of,” said Mr. Calado. “I’m not sure we had the quickest car today, but I think we had the most consistent car and we stayed out of trouble.”

Porsche looked like it might score a first WEC victory with its new-for-2017 rear-engined 911 RSR. Michael Christensen was closing on the Bird/Rigon Ferrari just before half distance when he and Toyota LMP1 driver Kamui Kobayashi came together at Turn 2, the incident leaving the Porsche the Dane shared with Kevin Estre sliding into the gravel.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 109.17 17 November 2017 -0.85 109.64 109.88 108.87 342,400
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (-0.13) Bearish (-0.27) Neutral (-0.19) Neutral (0.08)

Have a terrific 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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