Ferrari’s (NYSE:RACE) New 488 GTE Evos Racing Liveries Revealed

Ferrari’s (NYSE:RACE) New 488 GTE Evos Racing Liveries Revealed

Ferrari’s (NYSE:RACE) New 488 GTE Evos Racing Liveries Revealed

$RACE

Ferrari (NYSE:RACE) has taken the wraps off its revised liveries for the FIA World Endurance Championship season, in The Scuderia’s title defense in GTE-Pro.

The pair of AF Corse-run Ferrari 488 GTE Evos completed a shakedown at the factory’s Fiorano track this week, sporting a slightly different Red that was used last year to celebrate Ferrari’s 60th anniversary.

A new shade of Metallic Red is now on  the # 51 and 71 Ferraris, which will be driven by James Calado/Alessandro Pier Guidi and Sam Bird/Davide Rigon.

Mr. Calado and Pier Guidi took the # 51 car to the GT World Championship last year, scoring 3 class wins, with Rigon and Bird combining for an additional 2 victories.

The Maranello outfit’s team’s 3rd drivers for the 24 Hours of Le Mans, as well as the lineup for its 3rd entry in the race, are yet to be named, although both Miguel Molina and Toni Vilander are expected to be part of the effort.

I will keep you informed.

Ferrari Stock

Ferrari is building a potential base on base in here. The iconic Italian luxury Supercar builder is up nearly 0.6% to 120.52 and up more than 14% YTD.

Ferrari currently gets an 89 Composite Rating on a scale of 1 to 99. That is just below the 90 threshold I would like to see.

But, Ferrari ranks #1 within the automakers industry group, and the world’s #1 automotive brand.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 120.52 29 March 2018 0.90 121.17 121.35 119.8 358,600
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (-0.22) Neutral (-0.18) Neutral (-0.17) Bearish (-0.32)

Have a terrific Easter weekend.

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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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