From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 22.9 long term resistance, and by extension the USD 24.6.
As shown by the technical configuration, it would be advisable to take a long position at the current price to target the USD 22.9 long term resistance. A new bullish fluctuation could lead the security toward the 24.6 USD in case of a breakout of this resistance. This trading strategy will be cancelled below the USD 19.
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