From a fundamental viewpoint, Ann company is undervalued in terms of enterprise value. Based on the current price, its market capitalization, minus its net debt, represents 0.53 times its revenues. The PER of the company is moderate (13,05x for 2013 and 11,79x for 2014).
Technical indicators show that the stock is oversold and prices have just bounced on the USD 27.6 support. In weekly data, the 100-period moving average is coming in support. Thus, the security could find new energy and would rise towards the next USD 30.1 resistance.
In consequence, it seems opportune to take a long position at the current price. The target will be the USD 30.1 resistance. A stop loss must be placed below the USD 27.6 support.
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