Short term view - SALVATORE FERRAGAMO SPA : The moving average is supporting prices.
Our previous opinion was neutral.We turn positive with a target at 23,6 € and an invalidation level at 21,75 €.
The bullish trend unfolds.
Arguments :
- The moving average is supporting prices.
- The reaction at the resistance is weak, we anticipate its break soon.
Salvatore Ferragamo creates, produces and sales goods for men and women: footwear, leather goods, apparel, silk goods, jewels, other accessories and fragrances. as well as eyewear and watches manufactured under license by third parties. Co. sells its products through: a network of single Salvatore Ferragamo brand stores, managed both directly and by third parties; and presence in department stores and multibrand specialty stores. Co.'s fragrances product category involves the creation, development and production of fragrances and related products under the Salvatore Ferragamo brand. Co. is also active in the licensing of the Salvatore Ferragamo brand and in real estate management.
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