Ferrari shares are now at short-, medium- and long-term highs as the price broke above its 20-day moving average yesterday. However, the open high in the all-time horizon is still not fully confirmed, as the price is only 0.32 percent above the 20-day moving average at 266.24, which was also crossed just yesterday.
As long as no GD is crossed below, the next price target is the 5-year high of 277.00, which was marked on Monday, which means that there is a potential upside of 3.71 percent.
Ferrari in a peer group comparison
The strongest component in the peer group comparison is currently BMW St stock with a GD 200 difference of 16.01%.