Salvatore Ferragamo could exceed the symbolic threshold of EUR 24.85.

Regarding the fundamentals, we note the increase of sales recorded over the previous year and estimated for 2013 and 2014. Moreover, EPS estimates for 2013 and 2014 have been revised upward by the analysts covering the share.

Graphically, the security is up 45% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon breakout the EUR 24.85 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term.

Taking into account all these elements, investors could buy the stock at the current price. The target price is set around EUR 27. A stop loss will be fixed below the EUR 23.5, threshold that would invalidate the strategy.