Risi Competizione to enter Ferrari in Rolex 24

Risi Competizione to enter Ferrari in Rolex 24

$RACE

The Risi Competizione Ferrari squad will contest the Rolex 24 Hours at Daytona next month with its Petit Le Mans-winning driver line-up + Davide Rigon.

Rigon will join James Calado, Alessandro Pier Guidi and Daniel Serra in the Ferrari 488 GTE run by the Houston-based team which won the GT Le Mans class at Road Atlanta race despite competing in only its 2nd IMSA WeatherTech SportsCar Championship round of the year.

The successful team has scaled back its IMSA outings since mounting full campaigns in Y’s 2014-2016 and raced only at Daytona in Y 2018. 

Team owner Giuseppe Risi said: “This is always one of the most important races on the calendar, so we will be there and ready to go against what is always a challenging field of competitors. 

We always race to win, and after our victory at Petit Le Mans to close out this year, we want to win all the more in 2020.”

Risi’s 2020 Daytona entry will be its 17th since Y 1998, during which time it has recorded 3 class victories and 2 2nd-place finishes overall. 

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 168.71, and Key support at 162.37, a Key indicators is Very Bullish (the stock is oversold) and the stock has established long term support ahead of this breakout.

Ferrari finished at 163.79, -2.43 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 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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